The Calvo Group has now secured

full control of Gomes da Costa

The Spanish group Calvo has just gained full control of the Brazilian company Gomes da Costa –a tuna and sardine processor– by purchasing the 20 percent that was still owned by the company’s old shareholders.

In October 2004, Calvo had acquired an 80 percent interest in Gomes da Costa at a cost of 50 million dollars. Since then, it has invested nearly 100 million dollars in the business, with 50 percent of its investment going into a packing plant in Itajaí (Santa Catarina).

Last year Gomes da Costa’s sales totaled 310 million reais (174 million dollars) and its goal for 2008 was to bring that figure up to 350 million reais. Calvo’s annual sales worldwide total 380 million euros, more than 557 million dollars.