Minerva buys Vijagual, says still focusing on dividend payouts
Minerva Foods, Latin America's biggest beef exporter, on Wednesday signed a $14 million agreement to buy Colombian meatpacker Vijagual, doubling its capacity in that country and taking another step in its effort to grow its business in the region. However, CFO Edison Ticle said the acquisition was an opportune purchase, and rather than making more acquisitions, Minerva wants to focus on distributing dividends to shareholders. "It was a unique opportunity that created a lot of value for the company. And, more importantly, it...
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