BRAZIL: Marfrig in talks on poultry buy
By: just-food.com | 24 February 2010
Brazilian meat packer Marfrig Alimentos has confirmed that it is in talks with Grupo Globoaves over the acquisition or lease of two free-range chicken and poultry plants.
The move is part of Marfrig's strategy to diversify its offering of protein-based products and will add free-range duck and chicken products in its new Seara division, which has activities in chicken, pork and processed foods, the company said.
A spokesperson for the company said that the acquisition would also include the Nhô Bento chicken brand and Germania duck brand.
However, the company declined to comment further on the ongoing negotiations.
The deal is dependent on completion of due diligence, Marfrig said in a regulatory filing.
Sectors: Emerging markets, Meat & poultry, Seafood
Companies: Marfrig
View next/previous articles
24 Feb 2010 -
24 Feb 2010 -
Currently reading -
BRAZIL: Marfrig in talks on poultry buy
24 Feb 2010 -
Related research
Frozen food in Argentina to 2013
This databook provides key data and information on the frozen food market in Argentina. This report is a comprehensive resource for market, category and segment level data including value, volume, distribution share and company & brand share. This re...
This report analyzes the worldwide markets for Ready Meals in US$ Million and Thousand Tons....
Related articles
US/BRAZIL: Smithfield shares jump on JBS takeover talk
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.
There are currently no comments on this article
Be the first to comment on this article