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Averama, BR Frango Agree on Merger

5 October 2012, at 10:22am

BRAZIL - Poultry companies Averama and BR Frango have merged their activities, following a six-month consultation.

Averama has a slaughter capacity of 150,000 birds per day at its two plants and is authorised to export birds, reports exame.com.

BR Frango has a capacity to slaughter 210,000 birds.

Due to high prices of live birds and an accumulated a debt of over 100 billion reais, BR Frango has not been operational since March.