Marfrig Group - food industry company news 
BRAZIL: Lower financing costs boost Marfrig profits
15 May 2012
Marfrig has reported higher quarterly profits as the Brazilian meat processor increased its focus on value-added products and disposals and lower financing costs boosted its bottom line.
BRAZIL: Marfrig looks to future despite finance-driven FY loss
26 March 2012
The chief executive of Brazilian meat giant Marfrig has looked to the group's future as a global food company even after it recorded losses of BRL746m (US$411.6m) in 2011.
UK: Vion loses Sainsbury's chicken contract
12 March 2012
Dutch meat giant Vion has lost a contract to supply poultry to UK retailer Sainsbury's after the supermarket operator conducted a review of its chicken supply base.
BRAZIL: Marfrig approves structural overhaul
27 February 2012
Brazilian meat group Marfrig today (27 February) revealed that its board of directors has approved a new operational structure as the firm looks to cut costs and complexity from the business.
BRAZIL: Former ConAgra president to replace Seara's Bonassi
30 January 2012
Brazilian meat giant Marfrig has appointed a former president of ConAgra Foods to head up its Seara subsidiary.
BRAZIL: Brasil Foods, Marfrig to swap assets
8 December 2011
Brasil Foods plans to swap assets with rival Marfrig to meet a watchdog competition ruling on the merger that created the company.
BRAZIL: Currency woes dents Marfrig's record Q3 results
11 November 2011
Brazilian meat giant Marfrig posted a net loss of of BRL540.0m (US$307m), despite record sales and cash flow in its third-quarter.
BRAZIL: Brasil Foods to sell assets to beef producer?
8 November 2011
Brasil Foods is reportedly set to sell some of its assets to beef producer Marfrig Alimentos.
BRAZIL: Marfrig announces structure overhaul
14 October 2011
Brazilian meat processor Marfrig has shaken up its business structure to reduce costs and increase operating margins.
BRAZIL: JBS, Marfrig deny Minerva merger talk
4 October 2011
Brazilian meat giants JBS and Marfrig have distanced themselves from speculation of a possible merger between the two companies and local rival Minerva.
BRAZIL: Marfrig records Q2 net loss
15 August 2011
Brazilian meat producer Marfrig made a net loss in the second quarter on the back of a weak US dollar and high grain and livestock prices.
BRAZIL: Marfrig, JBS to continue exporting to Russia despite ban
3 June 2011
Two of Brazil's largest meat processors have said they will continue to export meat to Russia after Moscow banned meat imports from three Brazilian states.
BRAZIL: Acquisitions drive Marfrig gains
16 May 2011
Brazilian meat group Marfrig hailed its "best performance to date" today (16 May) as it unveiled a jump in sales and profits.
CHINA: Marfrig to form two joint ventures
11 April 2011
Brazilian meat producer Marfrig announced today (11 April) that it will form two joint ventures in China through its subsidiary Keystone Foods.
BRAZIL: Marfrig 2010 margins, sales rise
1 April 2011
Brazilian protein group Marfrig today (1 April) booked a rise in earnings for 2010, which were boosted by acquisitions and increased sales across all product segments.
The just-food management briefing - M&A in 2010 - a timeline
20 December 2010
There have been over 640 stories in just-food's M&A section since April this year covering everything from industry-changing mergers to bolt on acquisitions and brand disposals. This section to the briefing tracks the major moves through the year by looking at all the deals that were put under scrutiny in our insights section.
UK: Moy Park opens Northern Ireland poultry facility
19 November 2010
Poultry and food processing company Moy Park has opened a GBP21m (US$33.8m) manufacturing facility in Northern Ireland.
BRAZIL: Marfrig posts third-quarter loss
17 November 2010
Brazil-based meat giant Marfrig has swung to a loss in its third quarter due to interest expenses and costs linked to this summer's acquisition of Keystone Foods.
BRAZIL: Marfrig posts mixed Q2 results
17 August 2010
Brazilian meat processor Marfrig has posted a drop in second-quarter net profit as the business lapped last year's second quarter when results were boosted by foreign-exchange movements.
Comment: JBS may bite off more than it could chew with Smithfield
30 June 2010
A telling reaction to rumours that JBS could look to hold talks with Smithfield Foods to buy the US business was the slump in the Brazilian meat giant's share price.
US/BRAZIL: Smithfield shares jump on JBS takeover talk
29 June 2010
Shares in US meat giant Smithfield Foods jumped almost 9% today (29 June) after reports in Brazil said local meat processor JBS could hold discussions to buy the business.
Comment: Marfrig faces threat of indigestion amid global expansion
18 June 2010
The humble chicken nugget grabbed the M&A headlines in the food industry this week after Brazilian food group Marfrig
Quote, unquote: just-food's week in words
18 June 2010
Food campaigners took a swipe at Europe's food industry and politicians after the European Parliament voted against imposing traffic light labels. Danone and Marfrig explained why they have again expanded overseas, while US retailer Kroger commented on the threat of Wal-Mart and UK grocer Sainsbury's expressed caution over the country's economy.
Editor's choice: the best of just-food this week
18 June 2010
Europe's politicians waded into the divisive issue of food labelling this week and issued a red light to imposing mandatory traffic-light labels. Danone's international expansion motored on with a deal in Russia, while Brazilian meat group Marfrig made another overseas acquisition - but has it over indulged?
BRAZIL: Marfrig to acquire Keystone Foods for $1.3bn
15 June 2010
Marfrig is to acquire the largest privately-held meat products company in the US, Keystone Foods for US$1.26bn.
The just-food interview - Brasil Foods CFO Leopoldo Saboya
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.
Top stories on just-food this week
28 May 2010
The launch of the just-food Promo Tracker proved popular with our readers this week as we sought to give an insight into the promotional habits of the UK's leading grocery brands and retailers.
BRAZIL/UK: Marfrig's Moy Park to buy O'Kane Poultry
25 May 2010
Brazilian food group Marfrig said today (25 May) that its Moy Park arm is set to buy Northern Irish processor O'Kane Poultry.
BRAZIL: Marfrig secures football World Cup deal
14 April 2010
Marfrig, the Brazilian food group, is to sponsor the country's football team and has secured a deal to sponsor the World Cup, which the South American nation will host in 2014.
BRAZIL: Marfrig to build meat-packing plants
12 April 2010
Brazilian food group Marfrig is to spend BRL150m (US$85.3m) on building chicken farms and meat-packing plants in the local city of Jaciara.
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