Acquisition of Ceratti
Established in 1932, Cidade do Sol Alimentos is a leading Brazilian producer and marketer of premium meat products mainly under its Ceratti® brand.
Hormel, based in Austin, Minn., is a global branded food company with over $9 billion in revenues across seventy-five countries worldwide.
Hormel engaged HT Capital to identify potentially suitable candidates in Brazil that fit its acquisition criteria. HT also advised on the many facets of the evaluation, negotiation and execution process; some of which are unique to consummating business transactions in Brazil.
Ceratti’s® products align perfectly with Hormel’s goal of expanding its international presence into the largest consumer market in South America. Hormel and Ceratti® will work together to leverage key Hormel resources to drive continued innovation, growth and expansion in this region.
Hormel Foods benefited from senior HT Capital bankers’ significant food & beverage industry and transaction experience, along with their knowledge and relationships in the Brazilian market.