Frontmatec, a global supplier of customized equipment and automation solutions to the red meat industry, has entered into an agreement to acquire a majority stake in a Uruguayan manufacturer of meat processing and packaging systems for Latin America, Asuan S.A.
The past three years has seen the development of a very positive and successful partnership between Frontmatec and Asuan. Several large projects in Latin America have been secured by combining our respective product offering and technical skills. Building on this success, it is natural for both parties to formally join forces. The acquisition in Asuan follows the Frontmatec strategy of geographical expansion in selective markets with strong growth potentials. The partnership strengthens the Frontmatec offering within beef processing where Asuan is particularly strong. The acquisition marks another step in the ambition of Frontmatec to become the global preferred supplier of equipment, projects, automation, and service to the red meat industry.