Minerva, a Brazil-based producer of beef, has entered into an agreement with meat processor BRF to acquire latter's beef division Newco Diviso de Bovinos. Under the terms of the agreement, Minerva will acquire assets and slaughtering and ...
BRF reported a third quarter 2013 net income of R$ 287 million, an increase of 216% in relation to 3Q12. Net margin showed a 2.5 percentage point improvement, reaching 3.8% in the period. The company reported gross profits of R$ 1.9 ...
Tags: BRF
Brazilian food company Brasil Foods (BRF) is set to establish a new AED533m ($145m) food processing facility at Khalifa Industrial Zone Abu Dhabi (Kizad). The agreement for a land plot of 174,300ft2 in the free zone area's food ...
Tags: Food Processing Facility, Foods
BRF has announced that it is set to make its first pork shipment to Japan, which will make BRF the first Brazilian company to export pork to Japan. The initial shipment includes filets and shoulder of pork, produced at the Campos Novos ...
Tags: Pork, Brazilian company
BRF, a Brazil-based poultry meats exporter and dairy products processor, has inaugurated its R$58m ($25.67m) Innovation Center in Jundiai, Sao Paulo, as part of its strategy to double investments in research, development and innovation by ...
Brazilian meat producer JBS has agreed to acquire Unidade Industrial Ana Rech hog processing facility, 491,000 hogs and poultry farm assets from BRF Brasil Foods, in a deal worth BRL200m ($100m). Under the terms of the deal, JBS will pay ...
Tags: meat producer, Food
Brazilian food company Brasil Foods (BRF) has acquired 33% stake in Avex, Argentina' s leading poultry producer and exporter. Through this deal, the company has also acquired Argentina's Danica group. The transaction is expected to be ...
Tags: Brasil Foods, BRF, Avex, poultry
Brazil-based meat giant Marfrig today (14 August) booked a second-quarter profit, moving back into the black after a loss in the corresponding period last year. Marfrig, which owns the Seara brand, posted net income of BRL15.5m (US$19.1m) ...
Tags: Meat giant, Meat, net income, profit
Brazilian food group Brasil Foods has formed a whey processing joint venture with Irish dairy group Carbery. The joint venture, in which Brasil Foods will invest US$50m, emphasised its objective to increase its leadership in the cheese ...
Tags: Brazilian food, cheese sector, cheese manufacturing facilities
Brasil Foods has booked a 75% drop in third-quarter profits as higher feed costs more than offset sales gains in the period. The Brazilian meat company said net income fell to BRL91m (US$44m) in the three months, down from BRL365m in the ...
Tags: Foods, meat company, grain prices, feed costs, profit
Brasil Foods (BRF) has signed a binding agreement to buy a 49% stake, and management control in Federal Foods, a privately-held company headquartered in Abu Dhabi, for $36m. This acquisition will be part of BRF's strategy to strengthen its ...
Tags: binding agreement, management control, processed products facility
Brazilian food company BRF Brasil Foods has reported that its net revenues increased by 14.3% to BRL7.2bn ($3.4bn) for the third quarter of 2012, compared to BRL6.2bn ($2.9bn) for the same period in 2011. The company posted net earnings ...
Tags: net revenues, net earnings, sales volume
Brazilian beef producer Marfrig plans to sell a stake in order to lower its mounting debts,in a move which is expected attract food companies as well as private equity firms. The company has appointed Brazilian bank Banco Itaúto ...
Tags: stake, debts, bidding, acquisition
Brazilian food company BRF Brasil Foods and Irish ingredients firm Carbery have formed a 50/50 whey processing joint venture in Brazil,with a proposed investment of$50m. The new joint venture will use Carbery's technology to process whey ...
Brazilian food company BRF Brasil Foods has reported that its net earnings for the second quarter totaled BRL6.4m($3.16m),compared to BRL498m($246m)for the same period in 2011. The company posted 8.7%increase in net sales to ...
Tags: net earnings, net sales, tough economic environment, CADE