BOGOTA, COLOMBIA — Cargill is expanding its global poultry business with the acquisition of Campollo S.A., a Colombia-based producer of chicken and protein products. Financial terms of the transaction were not disclosed.
Founded in 2004, Campollo offers such products as chicken medallions, stuffed chicken wings and chicken ham. The company employs more than 2,500, which will bring the number of total Cargill employees in Colombia to more than 7,500. Campollo will expand Cargill’s protein business in Latin America, which includes businesses in Colombia, Costa Rica, Guatemala, Honduras and Nicaragua.
“We are committed to this region, and I’m thrilled to expand our operations in Colombia,” said Xavier Vargas, president of Cargill Protein Latin America. “Our markets and communities will benefit as we bring our teams together. Cargill will bring its experience working in protein across four continents for more than 50 years to deliver customers and consumers consistent, high-quality products tailored to local flavors.”
The acquisition of Campollo marks Cargill’s second recent investment in Colombia. The company acquired Pollos Bucanero in June 2017.
Jorge Ivan Duque, general manager of Cargill’s Pollos Bucanero business, will continue to lead Cargill’s expanded poultry business in Colombia.
“As a Colombian, I’m proud we are strengthening the way we serve our customers and helping even more communities prosper,” Mr. Duque said. “Campollo reaches millions of customers across the country. The acquisition complements and enhances our product portfolio and expands our current reach to more of the Colombian market. I’m confident this will be a smooth integration that will benefit our employees, customers, consumers and communities.”