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Marfrig
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Marfrig to Sell Three Meat Packing and Livestock Confinement Units to Foresun for $75m
Apr 11, 2016Brazilian meat packer Marfrig Global Foods has agreed to sell three meat packing and a livestock confinement unit in Argentina to China-based Foresun Group’s subsidiary for $75m. As part of the agreement, Black Bamboo Enterprises ...
Tags: Marfrig, Foresun, Meat Packing
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Moy Park to Invest pound 10m in Derbyshire Poultry Processing Facility
Nov 26, 2015Poultry processor Moy Park is planning to invest £10m to expand its processing facility and hatchery in Derbyshire. The move is expected to create 100 jobs. The investment will go towards the installation of a new cutting line, ...
Tags: Moy Park, birds, poultry products
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Brazilian Meat Producer JBS Completes Moy Park Acquisition
Oct 10, 2015Brazilian meat producer JBS has completed the acquisition of European poultry company Moy Park for $1.5bn from Marfrig Global foods, following an approval from the European Union. The deal, which was announced in June, required certain ...
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Rosselkhoznadzo Imposed a Ban on Meat Product From Ten Processing Plants in Brazil
Jun 1, 2015Russian food safety agency Rosselkhoznadzo has imposed a temporary ban on meat product imports from ten processing plants in Brazil. The agency said that the processing plants in Brazil have failed to comply with phytosanitary measures, ...
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China Has Lifted a Three-Year Old Ban on Brazilian Beef Imports
May 22, 2015China has lifted a three-year old ban on Brazilian beef imports, paving way for new sales that could generate around $50m. Earlier in 2012, China suspended beef imports from Brazil over a mad cow disease scare. Brazil President Dilma ...
Tags: Beef Imports, Imports ban
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JSB to Raise BRL4bn ($1.8bn) From The IPO of Its Food-Processing Operation
Sep 5, 2014JBS, a Brazilian beef exporter, has announced that it will resume its plan to raise BRL4bn ($1.8bn) from the initial public offering (IPO) of its pork, poultry and food-processing operations in Brazil as early as next month. Following ...
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JBS Plans to Raise $1.36bn Through IPO
Apr 15, 2014Brazil's JBS plans to raise BRL3bn ($1.36bn) through initial public offering (IPO) of its poultry and processed food division. The company has appointed five investment banks, including Banco Itaú BBA, Banco Santander, BTG Pactual ...
Tags: Brazil's JBS, Food Unit, IPO
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Rosselkhoznadzor Has Lifted Ban on Beef Imports From Brazilian Slaughterhouses JBS
Nov 18, 2013Rosselkhoznadzor, a Russian veterinary and phytosanitary service (VPSS), has lifted ban on beef imports from Brazilian slaughterhouses JBS, Marfrig Alimentos and Mataboi Alimentos. In October, the country had suspended meat imports from ...
Tags: veterinary, phytosanitary service
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2 Sisters Food Group Is Considering a Bid for Bernard Matthews
Jun 18, 20132 Sisters Food Group is considering a bid for Bernard Matthews, according to recent press reports. Speculation surrounds Bernard Matthews as the subject of potential takeover by 2 Sisters The meat processing group, which has hit the ...
Tags: Faccenda Group, Julian Wild, Seara Foods, 2 Sisters Food Group
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Jbs to Acquire Poultry and Pork Producer Seara Brasil, Which Is Owned by Marfrig Alimentos
Jun 13, 2013Brazilian meat producer JBS has agreed to acquire local poultry and pork producer Seara Brasil, which is owned by Marfrig Alimentos, in a deal worth BRL5.85bn ($2.72bn) including the assumption of outstanding debt. As part of the deal, ...
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Moy Park Has Announced a Strong Recovery in Trading Performance for Last Year
May 3, 2013The UK’s largest poultry processor Moy Park has announced a strong recovery in trading performance for last year, with pre-profits up to 24.4M for 2012 for 2012, compared with 4.8M in 2011. Moy Park delivered a strong performance in ...
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Marfrig Has Named VP of Finance Ricardo Florence DOS Santos as Its CFO
Feb 18, 2013Brazilian meat giant Marfrig has named VP of finance Ricardo Florence dos Santos as its CFO. Dos Santos will replace Alexandre Mazzuco, who will "pursue other professional challenges and focus on personal projects", Marfrig said. It is ...
Tags: meat giant, Marfrig, CFO
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Marfrig Has Appointed Former Cargill CFO Sergio Rial to Lead Its Processed Food Division
Dec 13, 2012Brazilian meat giant Marfrig has appointed former Cargill CFO Sergio Rial to lead its processed food division, Seara Foods. Rial will become CEO of the unit, which includes Marfrig's European meat business Moy Park and US arm Keystone ...
Tags: Marfrig, Sergio Rial, food division, Seara Foods
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Marfrig Has Reported Higher Quarterly Profits
Dec 12, 2012Marfrig has reported higher quarterly profits as the Brazilian meat processor increased its focus on value-added products and disposals and lower financing costs boosted its bottom line. Net income in the first quarter of 2012 rose ...
Tags: Marfrig, higher quarterly profits, lower financing costs
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Meat Giant Marfrig Today (14 August) Booked a Second-Quarter Profit
Dec 11, 2012Brazil-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