This second acquisition this month solidifies the company’s plans to gain a stronger foothold in the pet industry.
Chief Executive Lorival Luz said in a telephone interview with Reuters that he does not envision other deals in the pet sector in the near term, adding that the company plans to grow both companies organically.
Mogiana Alimentos specializes in animal nutrition products for dogs and cats and has been active in the pet food market for over 46 years. The company has been acquired for an undisclosed amount in cash.
The company, headquartered in São Paulo state, also exports to countries in the Caribbean, Europe and South America.
Source: Reuters
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