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.
Go deeper with GlobalData
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
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.
