STXNEWS LATAM-Brazil Minerva buys Uruguayan meet processor for $37 mln

Wed Mar 19, 2014 6:45am EDT

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Minerva Foods, Brazil's third largest beef producer, said late on Tuesday it bought Uruguay's meet processor Carrasco for $37 million in a deal still subject to regulatory approval.

Carrasco, whose sales revenues reached $140 million in 2013, operates a beef processing plant in Montevideo, Minerva said in a securities filing.

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