Brazilian food products manufacturer BRF SA has completed the divestment of its remaining plant in Argentina to Argentina-based food products maker La Piamontesa de Averaldo Giacosa Compañia SA and peer Bogs.
La Piamontesa de Averaldo Giacosa Compañia SA and Bogs acquired Campo Austral SA, which operates three plants in Argentina for $35.5 million.
Previously, BRF also offloaded its three companies in Argentina, including Avex and Quickfood for $145.5 million.
In 2017, the company generated $10.8 billion in revenue.