Brasilia, Brazil: Sadia SA, one of the world's leading producers of chilled and frozen food, has acquired Excelsior Alimentos. Sadia SA is a Brazil-based company engaged in refrigerated and frozen products including poultry, pork, beef, turkey and chicken. The Company is also engaged in convenience products, such as ready meals, pizza, pasta, margarine and desserts. Its operations include 18 farms for poultry and hog stock, hatcheries, pork breeding centers, slaughterhouses, processing units, animal feed production plants, representative offices and distribution centers. In addition, the Company operates an international unit in Kaliningrad, Russia. Sadia SA has 16 distribution units located in 14 Brazilian states. In June 2008, Sadia SA announced the acquisition of a 73.93% stake in Baumhardt Comercio e Participacoes Ltda. Other subsidiaries of the Company include Big Foods Industria de Produtos Alimenticios Ltda, Sadia Industrial Ltda and Sadia Overseas Ltd.
Financial details of the transaction were not disclosed. Sadia has informed the Securities and Exchange Commission of Brazil (CMV) of the acquisition but has given no interviews. For 2006, Excelsior reported net income of R$ 33.1 million and loss of R$ 617,000. Sadia informs that it does not intend to cancel the registration of Excelsior as a publicly-held company, in the next 12 months.
Excelsior industrial park is located in Santa Cruz do Sul, State of Rio Grande do Sul, comprehending a plant of processed food products with its own cold-room facilities.
Excelsior has an annual production capacity of 16.2 thousand tons of processed products, 320 direct employees and its gross billings shall reach R$ 61 million in 2008.
For the first nine months of 2007, Sadia reported GAAP net operating income of R$ 6.1 billion and net profit of R$ 393.9 million.
ExcelsiorAlimentos SA is a Brazil-based company engaged in the food processing sector. The Company's product line includes ham, sausages, cold cuts and chicken products.
Luca Longobardi, CEO of State Capital, was the Financial Advisor for Sadia SA in this transaction, he has personally participated to the closing stage of the acquisition, giving all the necessary attention that a client like Sadia, deserve.
State Capital is a leading independent Merchant bank with offices in USA and Brazil, focused on providing financial advice about significant mergers, acquisitions, restructuring, financing, capital raising, and private equity. The company, has been the advisor of some of the most significant transaction in the middle market arena in Brazil, advising a plethora of important clients, since 1999, today the Merchant bank is considered one of the most respected institution in M&A activity in the region.
