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Viscofan BioEngineering
Viscofan acquires 60% of Brasfibra and Master Couros for BRL 88 million
19/September/2024

The Viscofan Group has acquired 60% of the companies Brasfibra Industria e Comercio de Derivados do Couro Ltda. and Master Couros Industria e Comercio de Derivados do Couro Ltda. in Brazil for a cash consideration of BRL 88 million. Payment of 50% of this price has been made upon signing of the contract, with the 30% payment to be made on 31 March 2025 and the remaining 20% on 31 March 2026.

Brasfibra is a family-owned company based in Sao Sebastiao do Paraiso (Brazil) that produces high quality collagen products, such as collagen fibre, hydrolysed collagen and collagen for animal feed. The operation also included the acquisition of Master Couros, a company specialising in the treatment of bovine hides, which has another production centre located in the same locality and belongs to the same family group.

The pro-forma turnover of both companies in 2023 amounted to BRL 55 million, with an EBITDA of BRL 20 million. This deal represents a business value equivalent to BRL 146 million.

For José Antonio Canales, CEO of Viscofan, ‘This acquisition is a boost to our New Business activity. We expand our commercial range of collagen, reinforcing our proposal in hydrolysate, the use of collagen as a food ingredient, and the development of collagen products in animal feed, while allowing us to improve our access to raw materials and to have new production centres in Brazil, one of the main collagen markets from which to expand our activity.’

For Claudomir Guardia, managing partner of Brasfibra and Master Couros, ‘Joining the project of a world leader like Viscofan will allow us to expand our value proposition both to our customers and to new markets, and to continue developing products and technological improvements combining our knowledge of collagen.’


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