Brazilian food group Marfrig, the new owner of former Cargill poultry business Seara Alimentos, has dismissed reports claiming it is also holding talks to buy Groupe Doux’s local operations.
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Marfrig was linked to a deal with Doux earlier this week but, in the wake of its US$706.2m acquisition of Seara, the company has said it is not in discussions with the French group.
“[The company] hereby informs that no agreements or negotiations exist between Marfrig Alimentos S/A and Doux Frangosul S/A,” the group said in a statement to the Brazilian stock exchange.
In June, Doux agreed to sell a Brazilian turkey business to Marfrig for BRL65m (US$36m), one of a number of recent deals in the country’s meat sector.
Yesterday (16 September), Brazilian meat giant JBS agreed to merge with local peer Bertin.
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By GlobalDataIn May, meat processors Sadia and Perdigao agreed to join forces to form Brasil Foods.
On a conference call with analysts yesterday, Marfrig said its acquisition of Seara would give the company more brands and allow it to compete more effectively with Brasil Foods.
