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Article: Camil expands through acquisitions.
- Article from:
- South American Business Information
- Article date:
- September 13, 2002
CopyrightCOPYRIGHT 2002 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Brazil, Sep 12, 2002 (Gazeta Mercantil/SABI via COMTEX)
The Rio Grande do Sul state, which used to have 500 rice processing companies in the 70s, currently hosts 150. Such concentration is attributed to the high debts and lack of resources to invest in infrastructure. On the other hand, some companies increased. Camil Alimentos S.A. was taken over by the US investment fund TCW, which developed an aggressive expansion strategy for the company. Camil currently has a monthly production capacity of 980,000 sacks and gets ...