Marfrig Global Foods

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Marfrig acquires majority stake in Iowa Premium

12 Mar 2019

Brazilian meat firm Marfrig Global Foods has taken a majority stake in US-based beef processor Iowa Premium.

The most-read news on just-food in 2018

20 Dec 2018

The news stories that caught your eye in 2018 included a number of M&A deals, CEOs departing and emerging brands entering new markets.

BRF sells QuickFood arm to Marfrig for $60m in all-Brazilian deal

7 Dec 2018

Brazilian meat heavyweight BRF has agreed to sell a processed food business in Argentina to a local peer.

August adds to M&A volume growth in 2018 - data

7 Sep 2018

Tyson Foods' move for US protein supplier Keystone Foods was the pick of the M&A transactions announced in August, which contributed to the rise in activity seen in 2018 so far.

Marfrig appoints Jose Eduardo de Oliveira Miron as chief executive

4 Sep 2018

Brazil's Marfrig Global Foods, the world's second-largest beef processor, has appointed José Eduardo de Oliveira Miron as its new chief executive to succeed Martin Secco Arias.

Tyson Foods taps Asia "high-growth" markets with Keystone Foods deal

20 Aug 2018

US meat giant Tyson Foods emerged as the winner in the bidding for Keystone Foods, a supplier of burgers and chicken nuggets to foodservice and retail outlets with annual revenues of US$2.5bn.

Marfrig confirms Keystone sale to Tyson Foods for $2.4bn

20 Aug 2018

Brazil's Marfrig Global Foods confirmed today (20 August) that US-based Tyson Foods has acquired its subsidiary Keystone Foods for US$2.4bn.

Tyson 'buys Keystone Foods from Marfrig'

17 Aug 2018

Tyson Foods has reportedly won the race to buy Keystone Foods from Brazil-based Marfrig Global Foods.

Marfrig plans $20m investment in Brazil for new beef patty plant

17 Aug 2018

Meat giant Marfrig Global Foods plans to spend BRL80m (US$20.3m) to build a new beef patty plant in its home market of Brazil and predicts the site will be up and running by April 2019.

Tyson Foods reportedly close to securing Keystone Foods deal

30 Jul 2018

US meat heavyweight Tyson Foods is reportedly close to buying Keystone Foods from Brazilian peer Marfrig Global Foods.

Marfrig 'close to decision on Keystone sale' - report

28 Jun 2018

Brazilian meat giant Marfrig is close to concluding the sale of its US-based Keystone Foods subsidiary, according to a report.

Brazil's Marfrig gets approval for National Beef deal despite opposition

7 Jun 2018

Brazilian meat processor Marfrig Global Foods has gained the necessary approvals for the purchase of a majority stake in National Beef Packing Company despite opposition from industry groups and US Senators.

New Coller FAIRR food index raises concerns over ''high-risk'' firms

30 May 2018

A new index launched by investor network FAIRR has identified 36 global meat and fish companies as ''high risk'' when it comes to health, environmental and social issues.

Brazil's beef exporter association counts cost of truckers' strike

30 May 2018

Brazil's beef industry is coming to a standstill as a nine-day-old truckers' strike hits deliveries and disrupts exports for one of the world's biggest meat producers.

Impact of Brazil's truckers' strike mounts as food, animals go to waste

29 May 2018

Brazil is still counting the cost of a truckers' strike on the country's food industry more than a week after drivers started to erect blockades on major highways in protest over high fuel prices.

Five suitors in for Marfrig's Keystone Foods

23 May 2018

Brazil-headquartered meat supplier Marfrig today (23 May) revealed there are five parties in the race to buy US-based subsidiary Keystone Foods.

Marfrig chairman signs deal with prosecutors in corruption probe

23 May 2018

The chairman of Brazilian meat packer Marfrig has signed an agreement with federal prosecutors aimed at covering any potential damages arising from an on-going corruption investigation, the company has revealed.

'Tyson, Cargill eyeing Keystone Foods acquisition'

9 May 2018

US chicken giant Tyson Foods has been linked with a possible acquisition of Marfrig's subsidiary Keystone Foods.

US Senators request review into Marfrig deal for National Beef

18 Apr 2018

US Senators are calling on the country's government to review Marfrig Global Foods' proposed acquisition of a majority stake in National Beef Packing Co on the grounds the deal could potentially threaten safety in North America's food supply.

Marfrig's move for National Beef ruffles hairs in US cattle industry

12 Apr 2018

A grab by Marfrig Global Foods for a controlling stake in National Beef Packing Company is ruffling hairs in the US cattle industry as the deal tightens Brazilian meat producers' stranglehold on the international market. 

Marfrig to buy 51% of National Beef, eyes Keystone Foods sale

9 Apr 2018

Marfrig Global Foods said it is buying a 51% stake in US-based National Beef Packing Company for US$969m in a transaction that will make the Brazil-based firm the world's second-largest beef producer.

Earnings summary - Nestle lowers annual sales figures in earnings restatement; JBS FY profits more than double even as sales falter; 2017 a mixed bag for Vion; Avangardco sales hit by bird flu but annual loss narrows

29 Mar 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Earnings summary - Conagra Brands sees income rise; General Mills revises full-year guidance

21 Dec 2017

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Marfrig to re-open three beef slaughterhouses

17 Aug 2017

Brazilian meatpacking firm Marfrig Global Foods is to re-open three slaughterhouses amid a "positive phase" in domestic cattle production.

Marfrig losses widen on lower sales

16 Aug 2017

Brazil-based meat supplier Marfrig has booked half-year losses of more than BRL400m (US$126.9m) hit by exchange rates and a near-12% drop in revenues.

Marfrig to expand domestic beef capacity

4 Jul 2017

Marfrig, the Brazil-based meat processor, is to up its domestic production capacity for beef amid an increase in the availability of cattle to slaughter.

Marfrig's losses deepen amidst Brazil meat probe fallout

12 May 2017

Brazilian meat group Marfrig has booked an increase in its first-quarter losses amid lower sales and the impact on the wider industry of a probe into allegations of corruption that rocked the country's meat sector.

China suspends meat imports from Brazil

21 Mar 2017

China has suspended imports of all meat products from Brazil in the wake of the allegations of the corruption within the Latin American country's meat sector.

Marfrig operating profit flat but FY losses mount

24 Feb 2017

Brazilian meat group Marfrig's net losses deepened during 2016, as higher financial expenses and the lapping of discontinued operations dented the group's performance despite otherwise flat operating profit. 

Marfrig operating profit improves but finance issues persist 

11 Nov 2016

Marfrig, the Brazil-based meat group, has revealed its sales and operating earnings edged up in the first nine months of the year but the company continued to report a net loss as finance costs dented the bottom line.

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