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BRF Enters Gelatin and Collagen Market with Gelprime Investment
BRF announced the acquisition of a 50% stake in Gelprime on 17 December, representing a BRL 312.5 million (approximately US $51 million) investment and marking the company’s entry into the gelatin and collagen market. The deal positions Gelprime as a joint venture between BRF and Viva, a Brazilian leather producer formed through the merger of Viposa and Vancouros in 2022.
Established in 2019 and headquartered in Londrina, Paraná, Gelprime holds a 2% share of the global collagen market. The company is aiming to increase this to 5%...
BRF Buys Stake in Saudi Arabian Poultry Company for USD 84 Million
BRF reported on 31 October that it formalized the purchase of 26% of shares of the Saudi Addoha Poultry Company, one of the largest chicken producers in Saudi Arabia, for USD 84.3 million.
The announcement is on the back of BRF's partnership with Saudi Arabia's Public Investment Fund (PIF) set to invest USD 500 million in poultry production and food processing in the region.
According to media outlet Infomoney, Bradesco’s BBI analysts estimate that the Addoha factory purchased, which operates entirely in the halal...
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