Marfrig Group

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10 Things to Learn - JBS's acquisition of Moy Park

Brazilian protein giants Marfrig and JBS have reached an agreement that will see the ownership of European poultry processor Moy Park transf...

Marfrig stresses continuity as CEO Rial departs

Brazilian protein group Marfrig surprised the market yesterday (15 January) with the announcement CEO Sergio Rial will stand down. Rial was...

On the money: Marfrig eyes growth opportunities

Dean Best | 12 Mar 2014

Marfrig CEO Sergio Rial was upbeat about the progress he saw at the Brazil-based meat processor yesterday (11 March), insisting the company was "more stable" than in previous years despite falling into the red in 2013.

Focus: Unilever's Peperami draws buyer speculation

Michelle Russell | 22 Jul 2013

Unilever could soon be selling another food brand. The company, which has offloaded a number of food assets in recent years, is understood to be on the look out for a buyer for its Peperami snack brand. While Unilever has declined to comment on the reports, analysts have offered their views as to who might snap up this "animal" of a brand.

Focus: 2 Sisters touted as Bernard Matthews bidder

Michelle Russell | 20 Jun 2013

Bernard Matthews Farms has admitted it may look for outside investment and 2 Sisters Food Group is reportedly considering a bid for the business. Industry watchers believe the UK food giant is the prime candidate to acquire the poultry processor. Michelle Russell reports.

The week ahead - Wal-Mart Q1s, Post Holdings H1

Dean Best | 13 May 2013

US breakfast cereal group Post Holdings kicks off a relatively quieter week of results with its half-year numbers on Monday. On Tuesday, meat giants Marfig and JBS will report on how it fared in the first three months of the year - as will Wal-Mart on Thursday. The week also includes an international conference in the Netherlands looking at the sustainable cultivation of soy.

Latest Interviews

The just-food interview - Brasil Foods

Michelle Russell | 28 May 2010

The creation of Brasil Foods, one of the world's largest meat groups, from Brazil's Perdigao and Sadia, was a rare mega-merger in 2009, when the global crash hit M&A. However, the deal is yet to win complete regulatory approval and, although parts of Perdigao and Sadia are operating together, Brasil Foods is yet to reap the rewards of the merger. In this month's just-food interview, Michelle Russell speaks to Brasil Foods CFO Leopoldo Saboya about the prospects for the business.

Latest News

Streamlined Marfrig sees improved performance 

Katy Askew | 6 Nov 2015

Marfrig has booked an improved sales and earnings performance as the Brazilian meat group works to strengthen its financial position through disposals including the recent sale of its Moy Park business. 

Marfrig profit hit by finance costs, sales up

Katy Askew | 12 Aug 2015

Brazilian meat group Marfrig booked an increase in first-half losses due to higher financial expenses and losses from foreign exchange.

US opens gates to beef from Brazil, Argentina

Katy Askew | 30 Jun 2015

The US market has opened to fresh beef imports from Brazil and Argentina, ending a long period of restriction, the US Department of Agriculture's Animal and Plant Health Inspection Service revealed yesterday (29 June).

News of the week – Ferrero & Thorntons

Katy Askew | 26 Jun 2015

This week has been bumper for food sector M&A. Ferrero announced that it is gobbling up UK chocolate maker Thorntons. JBS is taking control of Moy Park from heavily indebted Brazilian meat group Marfrig. Grupo Bimbo also announced it has purchased parts of Spanish baker Panrico. Meanwhile, in the world of retail, Delhaize and Ahold revealed plans to combine. Here is just-food's top news and insight coverage from this week.

JBS to buy Moy Park from Marfrig

Katy Askew | 22 Jun 2015

Marfrig has entered into a deal to sell its European meat business, Moy Park, to fellow Brazil-based meat group JBS for around US$1.5bn.

Food industry quotes of the week: Divine Chocolate

Hannah Abdulla | 5 Jun 2015

This week, Nestle said it was withdrawing its Maggi noodle brand in India after a food safety scare that has seen local authorities insist the product has elevated levels of lead. Elsewhere, Abbott Laboratories was tied up in a class action lawsuit over its Similac product with allegations it is misleading consumers since the product contains non-organic ingredients. Elsewhere Nomad Holdings confirmed it is in acquisition talks with Findus Group. just-food visited the Free-From Expo in Barcelona this week and spoke to Warburtons among others. We also interviewed the CEO at Divine Chocolate. Here is the week in quotes

Russia blocks imports from 10 Brazil meat plants

Hannah Abdulla | 1 Jun 2015

Russia has imposed a temporary ban on imports from 10 Brazilian meat processing plants.

Marfrig losses narrow but foreign exchange weighs

Katy Askew | 2 Mar 2015

Marfrig, the Brazilian meat group, booked narrower net losses in 2014 despite higher finance costs and the depreciation of the Brazilian real.

Food industry news of week: Marfrig, Cadbury

Dean Best | 16 Jan 2015

Brazil-based food giant Marfrig announced the surprise resignation of CEO Sergio Rial this week after just a year in the position. Another chief executive is to go at UK retailer Morrisons, with its board believing its best chance to return to growth is without Dalton Philips.

Food industry quotes of week: First Milk, Marfrig

Hannah Abdulla | 16 Jan 2015

UK dairy co-operative First Milk was this week forced to come out and calm fears over its financial position after announcing it would delay payments to farmers. Staying in the UK, Morrisons announced chief executive Dalton Philips would leave as the UK grocer battles to reignite sales. And Brazil-based food giant Marfrig revealed its CEO had resigned from the business.

Marfrig CEO Sergio Rial resigns

Katy Askew | 15 Jan 2015

Marfrig chief executive Sergio Rial has decided to leave the Brazil-based meat giant, the company announced today (15 January).

Marfrig to push ahead with Moy Park IPO

Katy Askew | 19 Nov 2014

Brazilian meat group Marfrig has confirmed plans to push ahead with an initial public offering for its European meat business, Moy Park, next year.

Marfrig sees mixed Q3 as net loss widens

Katy Askew | 13 Nov 2014

Marfrig, the Brazilian food group, booked a mixed set of third-quarter results, with a rise in sales and operating earnings failing to offset the impact of higher finance and foreign exchange costs on the bottom line.

Marfrig reports improved profitability

Dean Best | 14 Aug 2014

Brazilian food group Marfrig saw its profitability improve year-on-year in the second quarter.

Quote, unquote: just-food's week in words

Hannah Abdulla | 14 Jul 2014

This week, Unilever announced the sale of Slim-Fast to Kainos Capital. Abbott and Fonterra announced a partnership to create a dairy farm hub in China and Marfrig revealed plans to investment of GBP170m into Moy Park. We also looked at why firms are queueing up to invest in Egypt and looked at the global growth of the halal food sector. Here is the week in quotes.

Marfrig set to expand European arm Moy Park

Dean Best | 10 Jul 2014

Brazil-based meat giant Marfrig is to pump GBP170m into its Moy Park business in Northern Ireland, including adding new processing lines and setting up an innovation centre.

Meat group JBS kicks off IPO of domestic unit

Dean Best | 21 May 2014

JBS, the Brazil-based meat giant, has started the process of listing domestic arm JBS Foods.

JBS Q1 profit drops on financing costs

Katy Askew | 15 May 2014

Brazilian meat giant JBS has reported lower first-quarter profits as a jump in financing costs more than offset sales gains.

Marfrig upbeat on mixed Q1

Katy Askew | 12 May 2014

Brazilian meat group Marfrig has seen sales and operating profits rise in the first quarter - but net losses also mounted in the period.

Moy Park launches Good to Go line in UK

Katy Askew | 28 Apr 2014

Moy Park, the European unit of Marfrig, has launched Good to Go, a range of ready-to-eat chicken products in the UK.

FY profits up at meat giant JBS

Dean Best | 25 Mar 2014

Brazil-based meat group JBS has booked a 29% jump in earnings for 2013 thanks to a domestic poultry acquisition and the "best ever" year for US chicken arm Pilgrim's Pride.

Editor's choice: highlights on just-food last week

Dean Best | 17 Mar 2014

The biggest story of the week came as it started - with the announcement of the proposed merger between banana giants Chiquita Brands International and Fyffes. Elsewhere, UK grocers Morrisons and The Co-operative Group grabbed the headlines - the former for its bid to revive sales and the latter for the resignation of its chief executive.

Marfrig mulls IPOs of business units

Dean Best | 11 Mar 2014

Marfrig is considering listing parts of its business overseas, the chief executive of the Brazilian meat giant has revealed.

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