Minerva Foods is one of the South American leaders in the production and sale of fresh beef and its byproducts, as well as live cattle exports, and it also maintains operations in the meat processing segment.
The Company's history is guided by a solid, disciplined, coherent and experienced administration that aims to act in the most profitable markets through the use of risk management instruments.
Minerva Foods daily invests in the improvement of its industrial units, makes strategic acquisitions, maintains a broad and personalized portfolio of quality products, and has efficient and integrated distribution logistics.
In Brazil, the Company offers, by means of its 11 meatpacking plants and one processing unit, health and nutritious products that are sold to customers worldwide by its nine distribution centers and 14 international offices.
The slaughter and deboning plants, processing units and distribution centers located in Argentina, Chile, Colombia, Paraguay and Uruguay constitute Athena Foods, a Chilean subsidiary of Minerva S/A, which, since its inception, has been a leader in the global beef export market, from South America to the world. For more information on Athena Foods, click here!.
Mission, Vision and Values
To be a global provider of quality food, with social, economic and environmental responsibility. Minerva Foods adopts high level of operational efficiency, promoting teamwork, valuing its employees and fostering respect and trust in its business area.
To be the most efficient company, always seeking to maximize the return on invested capital for all its business segments with appropriate risk management policies.
Integrity, commitment, responsibility, initiative, cooperation, simplicity and determination.
A little of our history
Since 1992, the Company's trajectory merges with the history of Brazilian cattle raising, since its founders, the Vilela de Queiroz family have had a huge participation in the development of that segment in Brazil, being recognized for their excellence in transportation and livestock breeding. Along with the industrialization of meat and its byproducts, Minerva Foods also gained international recognition.
The Vilela de Queiroz family initiated their livestock farming activities and provided logistics services, carrying animals from farms to the slaughterhouses.
The Vilela de Queiroz family purchased “Frigorífico Minerva do Brasil S/A”, its first slaughter and deboning unit, located in the city of Barretos-SP (current headquarters).
They rented and later acquired an industrial unit in the city of José Bonifácio-SP.
They initiated the export operations of live cattle, in the state of Pará.
Construction and inauguration of a new slaughterhouse in the city of Palmeiras de Goiás - GO.
Signed a lease for an industrial unit in the city of Batayporã - MS
A benchmark year, in which the Company went public and acquired the unit of Araguaína - TO.
In August, they acquired their first unit abroad, in the city of Asunción in Paraguay.
This year marks the inauguration of Minerva Dawn Farms, the beginning of the deboning operations in the unit Rolim de Moura-RO and the start of the Distribution Centers activities in Viana-ES and Itajaí-SC.
Beginning of the Distribution Centers activities in Brasilia-DF and São Paulo-SP and acquisition of the industrial unit of Campina Verde-MG.
Inauguration of Minerva Leather, the Company's leather division, in Barretos-SP, they also acquired their first unit in Uruguay, "Frigorífico Pul", and the inauguration of a Distribution Center in Belo Horizonte-MG.
In that year, Minerva S/A adopts the brand Minerva Foods and acquire one more slaughterhouse in Paraguay, called Frigomerc.
Agreement for the Acquisition of a BRF Plant in Várzea Grande-MT and Mirassol D’Oeste-MT. We took full control over Minerva Dawn Farms, denominated today Minerva Fine Foods and we installed new Distribution Centers in Uberlandia-MG and Fortaleza-CE.
In Brazil, we acquired a facility in Janaúba-MG and in Uruguay, named Carrasco.
We acquired the slaughterhouse Red Cárnica S.A, located in Monteria, Colombia, and signed a lease of a slaughter and deboning unit in Asunción, Paraguay.
Opening of two new Distribution Centers in Latin America, located in Santiago (Chile) and in Bogota (Colombia); there has been the acquisition of the trading IMTP, in Australia (which then assumed the name of Minerva Foods Asia) and Intermeat, in Barueri - SP. They both operate as exporters and importers of animal proteins; creation of Minerva Energia, a company that operates in the field of electricity supply.
The Company celebrates 25 years of its foundation; in this year, we acquired 9 slaughter plants in South America, with 3 in Paraguay, 1 in Uruguay and 5 in Argentina, where the Company also obtained 2 meat processing units and 1 Distribution Center, a major step in the Company's acquisition history. Minerva Foods Europe, in England, is also created for providing consultancy and advisory services in the foreign trade area, and we open a new international office in Singapore. Still in this year, Minerva Foods completes 10 years as an open company listed in the São Paulo Securities, Commodities and Futures Exchange (BM & FBovespa) and in 2016, they are elected as Company of the Year in Agribusiness by Exame Magazine's "Melhores & Maiores" yearbook.
In 2000, the São Paulo Securities, Commodities and Futures Exchange (BM&FBovespa) introduced three special segments for their listing, known as Levels 1 and 2 of Differentiated Corporate Governance Practices and New Market. The goal was to create a secondary market for securities issued by Brazilian publicly held companies that follow better corporate governance practices.
The listing segments were designed for the trading of shares issued by companies voluntarily undertaking to abide by corporate governance practices and disclosure requirements in addition to those already imposed by Brazilian law. In general, those rules extend the rights of shareholders and improve the quality of the information provided to them.
The New Market rules demand, in addition to the obligations imposed by the Brazilian legislation, the attendance of the following requirements, among others:
- Issue only ordinary shares;
- Grant to all shareholders the right of joint sale ("tag along"), in the event of the disposal of shareholder control of the Company, and the buyer of the controlling share, should order public offer for share acquisition to the other shareholders, and the price paid for each share should be the same price paid in the shares pertaining to the controlling block;
- Ensure that Minerva's shares, representing at least 25% of total capital, are in circulation;
- Adopt offering procedures that favor shareholding dispersion;
- Meet minimum standards of quarterly disclosure of information;
- Follow stricter disclosure policies regarding the negotiations conducted by the Company's controlling shareholders, advisors and directors involving securities issued by them;
- Submit any shareholders' agreements and existing stock options buyout programs to purchase to BM&FBovespa;
- Turn available to all their shareholders a corporate event calendar;
- Limit to one year the mandate of all members from Minerva's Board of Directors, and it shall be composed of, at least, five members;
- Elaborate, from the second accounting year finished after their admission to the New Market, annual financial statements, including cash flow demonstrations, in English language, according to international accounting standards, such as those in the U.S. GAAP or IFRS;
- Adopt exclusively the rules from BM&FBovespa arbitration regulation, whereby the stock exchange itself, the Company, the controlling shareholder, the administrators, and the members of the Company's Fiscal Board, if installed, undertake to resolve each and every dispute or controversy relating to the listing regulation through an arbitration procedure;
- Hold public meetings with analysts and other stakeholders, at least once a year, to disclose information regarding their respective economic-financial situation, projects and perspectives;
- In the event of leaving the New Market, so that shares can be negotiated outside the new rule, the controlling shareholder must make public offering for the acquisition of shares in circulation, by the economic value determined by an appraisal report drawn up by a specialized and Independent Company.