Costa Food Group had begun investing to establish itself in Paraguay before completing its purchase of the Incka Foods pork plant and Granja El Nido, assets previously linked to Grupo Concepción. With the acquisition, the Spanish group gains an established production base and expects its total investment in the country to exceed US$300 million.
Valor Agro estimated the transaction at about US$200 million. That amount is separate from the overall investment plan, which includes developing the Paraguayan operation.
The transaction comes amid Grupo Concepción’s financial reorganization and the concentration of its activities. For Costa Food, the acquisition opens the way to integrating pig farming and processing, rather than starting the local operation from scratch.
According to information released about the project, plans include sharply increasing production capacity, bringing in new farms and working on integration schemes with producers. The strategy aims to expand the supply chain and support meat-processing operations geared toward international markets.
Jorge Costa, president of Grupo Empresarial Costa, described Paraguay as a strategic, long-term bet. He said the company plans to continue investing, transfer knowledge and develop production capabilities. According to information released by the company, the group has a commercial presence in more than 100 countries and annual revenue of about 2.3 billion euros.
Banco Sudameris accompanied the transaction. Its president, Conor McEnroy, described the bank’s support for the deal as part of its work with major investments in productive sectors with potential to expand exports.
Paraguayan pork already reaches destinations such as Taiwan, the Philippines, Singapore and Uruguay, while the sector seeks to expand its markets and volumes. Combining Costa Food’s production and processing assets with its announced expansion and producer-integration plans could help increase the supply chain’s scale and its presence in international trade.