BRASILIA, BRAZIL – Marfrig Global Foods S.A. recently heard from the Brazilian Board of Directors of Economic Defense (CADE) that its deal to acquire 33.6% stake in fellow Brazilian meat producer BRF S.A. was approved without restrictions.
The two companies showed serious signs in 2019 of a possible merger. Marfrig said in a statement to MEAT+POULTRY that shareholders were informed of about the BRF acquisition.
In December 2018, Marfrig acquired majority shares of Argentina-based Quick Food S.A. which was owned by BRF for $60 million. Marfrig also agreed to acquire real estate and equipment from a BRF unit located in Várzea Grande in the Brazilian state of Mato Grosso for 100 million Brazilian reais.
Marfrig also acquired Kansas City, Mo.-based National Beef Packing Co. LLC in 2018.