BRF acquires Oman food distributor
April 26, 2016
by Erica Shaffer
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SAO PAULO, Brazil – BRF SA has reached an agreement to acquire Al Khan Foodstuff LLC (AKF), a frozen food distributor based in Oman, Jordan. The company believes AKF to be worth $64 million.
“The transaction is in line with BRF’s strategic plan for globalizing the company, accessing local markets, strengthening BRF’s brands, distribution and expansion of its product portfolio around the globe,” the company said in a statement to investors.
BRF, one of the world’s largest food companies, already owned a 40 percent stake in AKF.