Food producer Cargill Inc. will invest between $300 million and $500 million in Colombia during the next five years, a company executive said recently. Cargill has acquired Pollos El Bucanero SA, one of Colombia’s largest meat producers, for an undisclosed sum.
“Colombia is a very attractive country,” Xavier Vargas, president of Cargill for Central America and the executive in charge of expansion in the region, told Reuters. “It is growing economically, in consumption, especially of chicken. “We want to keep growing in animal protein,” he added, without providing further details on potential investments in the Andean country.
