After a $20 million global investment, Grupo Rey launched a meat processing plant and a cold and frozen distribution center.

By inaugurating two industrial plants, which together cover an area of 7,400 m2 and are in the capital, in the La Locería sector, the business group aims to improve production, distribution and supply processes.

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Regarding the investment made by the supermarket chain, Edison Rodriguez, director of meat industries of the company, explained to Prensa.com that “… In the meat processing plant, we aspire to transport around 200 cattle and 200 pigs per shift. But in general, this plant has the capacity to move 1.2 million kilograms per month, that includes the value-added plant and the percentage – which is approximately 40% – sold of packaged meat.”

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“… In the cold and frozen distribution center will be consolidated all the products that are from the agro-industrial plant in Chiriqui. It will allow a 2,000-box storage.”

Regarding the current situation of the company, last week it was reported that the owners of Grupo Rey agreed to sell 60% of the shares to Ecuadorian Favorita Corporación, a transaction that could result in $273 million.