Mexico’s Alpha Group purchases Peru’s Braedt

Living in Peru
Israel J. Ruiz

Alpha, an industrial Mexican consortium announced on Friday it had come to an agreement to purchase Braedt, one of Peru’s largest meat products companies.

According to representatives from Alpha, Braedt has the potential to make $30 million per year.

Braedt, which employs approximately 450 people, has been in Peru for the past 50 years and has a plant in Lima.

The president of Alpha, Dionisio Garza Medina explained that the acquisition was part of his company’s plan to strategically expand in the region.

He affirmed that the offer was an even more attractive one due to Peru’s recent economic boom and the Andean country’s stability.

The traditional Peruvian company is now in Mexican hands, reported El Comercio daily.