Brazil’s Perdigao Acquires Cotoches

Brazilian dairy foods giant Perdigao announced Tuesday the purchase of Cotoches, a milk processing company in Minas Gerais, for BRL54m and the assumption of BRL15m in debt. The acquisition is part of Perdigao’s expansion plan in the local market, the company says. An additional BRL30m will be invested to upgrade Cotoches’ factories into Perdigao’s food safety and quality standards.