Brazilian poultry meats exporter and dairy products processor BRF has increased its holding in Abu Dhabi-based Federal Foods for $27.8m.
The acquisition is a part of the Brazilian firm's strategy to expand its reach across the international markets, and strengthen its brands and distribution, while expanding its product portfolio in the Middle East.
Federal Foods distributes a range of chilled, frozen and dry line food products of other brands and suppliers to retail, food service and wholesale establishments in the UAE.
In January 2013, BRF acquired 49% stake in Federal Foods for $37.1m.
The company did not reveal the amount of holding it has following the latest deal.
BRF is currently constructing a food processing facility at Khalifa Industrial Zone Abu Dhabi. The plant, which will produce meat products, marinated processed foods and other bread based foods, is expected to be fully operational this year.
