H.I.G. Capital, announced it completed the acquisition of Bigsal, an animal nutrition provider in the North region of Brazil for an undisclosed amount.
(Press Release) Founded in 2003 in the state of Rondônia, Bigsal’s high quality products, outstanding distribution capabilities and unique customer service have enabled it to grow into the leading provider of animal nutritional supplements in the North of Brazil. With a focus on ruminants, the Company also provides high-quality supplements for fish, pet and other animal species, serving as a one-stop-shop for its clients and commercial partners.
Fernando Marques Oliveira, Managing Director and Head of H.I.G. Latin America, said: “We are very pleased to get involved with Bigsal. The Company’s management and founding shareholders have done a terrific job in building the leading animal nutrition provider in Rondônia, and H.I.G. will now support Bigsal in its geographic and portfolio expansion, both organically and inorganically. We believe the Company will continue to benefit from the migration of cattle farming to the North of Brazil and the increased technification of cattle farmers, for whom the use of animal nutrition is a strong driver of productivity.”
“It was very important for us to find the right partner to carry on Bigsal’s ambitious expansion plans. H.I.G.’s strong presence in Brazil, track record of value creation and the collaborative nature of its investment team stood out from the beginning, and we are confident they will take Bigsal to new heights over the coming years,” said Valdemir Aimi, founding partner of Bigsal.
Mr. Aimi and Bigsal’s management team, responsible for building the Company into its current leading position, will remain with the Company along with new executives brought in by H.I.G., supporting Bigsal’s next growth cycle.