Brazil’s Meatpacker Marfrig Seeks BRF Acquisition
Marfrig has announced its agreement to buy all remaining shares of Brazilian firm BRF to turn the other Brazilian firm it into a subsidiary.
Marfrig forecasts R$24 million (USD$4.7 million) in costs associated with the merger, but R$485 million per year in new revenue and cost synergies, largely though cross-selling and logistics optimisation after the acquisition.
Marfrig already owns 50.49% of the Brazilian firn. It acquired around a quarter of BRF's shares in 2021.
The acquisition would increase Marfrig’s capacity in poultry, pork, and processed foods...
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