BRF S.A. and Marfrig Global Foods S.A.: BRF and Marfrig potential merger would be credit positive
The potential BRF and Marfrig merger would give the new company operations in beef, poultry and pork, with plants in Brazil and the US, and a global distribution platform.BRF is a holding company. Through its subsidiaries, Co. is engaged in the production and sale of poultry, pork, beef cuts, and processed food products, pasta, sauce, mayonnaise, frozen vegetables and soybean by-products under several brands. Co.'s processed products include marinated, frozen, whole and cut Chester® rooster and turkey meats, specialty meats, frozen processed meats, frozen prepared entrees, portioned products and sliced products. Co. also sells margarine, sweet specialties, sandwiches, mayonnaise, and animal feed. Co. has an advanced distribution system and uses distribution centers to deliver its products to more than 120 countries.
Marfrig Global Food is a Brazilian publicly-held multinational, which operates in the food industry and services in Brazil and abroad. Co.'s activities are comprised of production, industrialization and processing, commercialization and distribution of food based on animal protein (beef, pork, lamb and poultry), in addition to the distribution of other food products (fish, ready-to-eat meals and pasta) and semi-finished, finished leather. Co. also operates in other 21 countries (Argentina, Uruguay, Chile, U.S.A., France, Northern Ireland, England, Holland, South Africa, Mexico, Germany, the U.A.E., Kuwait, Qatar, Bahrain, China, Thailand, Malaysia, South Korea, Australia and New Zealand).
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