On August 1, poultry and pig meat processor Seara Foods, part of Marfrig Alimentos S.A., assumed two Brazilian production plants in Brasília, Distrito Federal, and Várzea Grande, Mato Grosso, per the terms in the Brasil Foods and Marfrig business agreement in March.
This action concludes the interchange of assets between the companies, which gave Seara Foods a total of 10 assets, including eight distribution centers and 13 brands that were formerly part of BRF. The acquisition allows Seara Foods to increase its 2.5 million daily capacity of chicken slaughter 3 million, and its 11,200-metric-ton pig slaughter to 13,700 metric tons.
"We understand that the assets of BRF may accrue US$1.7 billion in revenue," said David Palfenier, CEO of Seara Brasil, parent company of Seara Foods.
This action concludes the interchange of assets between the companies, which gave Seara Foods a total of 10 assets, including eight distribution centers and 13 brands that were formerly part of BRF. The acquisition allows Seara Foods to increase its 2.5 million daily capacity of chicken slaughter 3 million, and its 11,200-metric-ton pig slaughter to 13,700 metric tons.
"We understand that the assets of BRF may accrue US$1.7 billion in revenue," said David Palfenier, CEO of Seara Brasil, parent company of Seara Foods.
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