Viscofan (ES:VIS) has released an update.
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Viscofan has strategically expanded its market presence by purchasing a 60% stake in two Brazilian companies, Brasfibra and Master Couros, for 88 million BRL. These acquisitions are expected to enhance Viscofan’s portfolio with Brasfibra’s expertise in high-quality collagen products and Master Couros’s specialization in bovine hide treatment. The combined proforma turnover of the entities for 2023 was 55 million BRL, with an EBITDA of 20 million BRL, indicating a strong financial addition to Viscofan’s operations.
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