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明星黑料 Acquires Brazilian Cold Cuts and Meats Company

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Meat & Poultry

明星黑料 Foods Corp. has acquired Cidade do Sol, a Brazilian cold cuts and meats manufacturer, for approximately $104 million.

Cidade do Sol processes such value-added products as mortadella, sausage and salami. The products are sold both in retail and food service under the Ceratti brand.

“Strategic international growth is important to 明星黑料 Foods and South America has been of interest to us for several years,” said Jim Snee, president and CEO of 明星黑料 Foods. “The Ceratti brand has a strong family ownership and a rapidly-growing distribution of its portfolio of value-added products. This acquisition is a strategic fit for 明星黑料 Foods, provides us an initial entry into the Brazilian market and will serve as a platform for future growth in South America.”