In 2016, IMTP was acquired by Minerva Foods, a Brazilian company globally recognized as one of the leading beef producers in South America. Minerva Foods specializes in the production and sale of beef and its byproducts, including leather and live cattle exports.
Following the acquisition, IMTP was renamed Minerva Foods Asia. This division played a crucial role in the company’s early journey in Australia, preserving the company’s culture, which has been nurtured since its inception, and introducing innovative solutions aimed at achieving the highest business standards.
Later, in October 2022, Minerva Foods expanded its presence in Australia by acquiring the Australia Lamb Company (ALC) through a joint venture with SALIC, further solidifying its position in the region.