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Adecoagro, a food and renewable energy production company, completed the acquisition from Sancor of the Las Tres Niñas and Angelita brands, along with a milk processing plant in Chivilcoy, Buenos Aires province, and another of powdered milk and cheese in Morteros, in Córdoba.
According to the company, which is one of the main dairy producers in the country, “these acquisitions are in line with the development of a sustainable milk production system that the company has been carrying out over the last 10 years in its fields in the south of Santa Fe, and in which it has already invested more than US$170 million.”
The company has more than 8,000 milking cows in their drums, which generate more than 300,000 litres of milk daily.
With the plants and brands acquired from Sancor, the company seeks to generate food for export.
“ Argentina is one of the most efficient countries in the world for milk production due to its unique agroecological conditions and the professional capacity of its human capital. We need to get producers to get a profitable price for their milk and be able to offer consumers the best quality products at affordable prices, and for that we need to be efficient and competitive worldwide,” said Mariano Bosch, co-founder and CEO of Adecoagro.
The firm was born in 2002 by a group of Argentine entrepreneurs, and today it is present in Argentina, Brazil and Uruguay. Its main activities include the production of sugar, ethanol, bioelectricity, processed rice Mills Ala, milk, peanuts, corn, soy, wheat and sunflower.
The firm employs more than 8,000 people directly.
Publication Date: 16/02/2019
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