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Article: Iguacu takes over Automatos.
- Article from:
- South American Business Information
- Article date:
- January 10, 2003
CopyrightCOPYRIGHT 2003 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, Jan 10, 2003 (Gazeta Mercantil/SABI via COMTEX)
The Brazilian soluble coffee producer Cia. Iguacu de Cafe Soluvel has recently taken over Automatos Industrial S.A., a producer of coffee and hot drinks vending machines manufacturer. Iguacu acquired 55,1412% of Automatos capital stock, through R$3.6mil and will invest other R$1mil to double the company' production capacity, currently of 100 machines/month. The turnover might double from the current R$7mil to R$14mil. Iguacu operates for 35 years in Brazil and is ...