Brazilian meat giant Marfrig has acquired Argentina-based burger patty manufacturer Campo del Tesoro for US$4.6m.

Campo del Tesoro is a producer of beef patties for the foodservice channel in Argentina. The company operates one plant located in Pilar, in the province of Buenos Aires, with annual processing capacity of around 15,000 tons of beef patties.

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Marfrig said Campo del Tesoro mainly serves “one of the largest players in foodservice in the world”, without naming the operator.       

The Brazilian company said the transaction strengthens its portfolio of value-added products and is aligned with its strategic growth plan.

“As a result, Marfrig now consolidates in Argentina total annual production capacity of 54,000 tons of beef patties, making it the country’s leader in the retail and foodservice channels with its brands Paty and Good Mark,” it said.

Marfrig also exports produce from Argentina to markets including Brazil, Colombia and Chile.

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Last month, Marfrig revealed it is planning to establish a joint venture company in Paraguay.

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