Funding is deliberate by Aviserrano in Spanish province of Seville
Italian meat agency Costa Meals Group has expanded into the poultry sector with the acquisition of a 50% stake in Grupo Aviserrano of Spain.
Aviserrano incorporates the companies Avinatur (poultry), Jovi Serrano (hen and turkey), Paviso Alimentación (hen) and Serrano Protein (hen and turkey proteins), based on a press release from Barcelona-based Costa Meals.
Costa Meals provides semi-processed pork, sausages, hams and Iberian pork beneath the manufacturers Casademont, Villar and La Nuncia.
Chief govt Jorge Costa stated: “It’s key to have the ability to place ourselves as a reference supplier for our purchasers. We would like to have the ability to supply them a large portfolio of merchandise, in order that we will supervise all traceability from origin to commercialisation with a view to set up collaborative relationships within the medium time period.”
Aviserrano, which can see its administration staff stay in place, generates a turnover of greater than EUR315m (US$340.3m), in comparison with a forecast from Costa Meals for its personal enterprise of EUR1.6bn for 2020. The businesses make use of round 1,800 and 4,000 employees every, respectively.
A EUR50m funding is deliberate by Aviserrano within the Spanish province of Seville over the subsequent 5 years, together with development of a feed manufacturing unit in Utrera and an incubator in Morón, and a hen and turkey slaughterhouse at its current meat facility at its headquarters in El Viso del Alcor.
Alfonso Serrano, the CEO of the Aviserrano, stated the deal ought to see its turnover improve to EUR500m over the subsequent 5 years.