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Marfrig Buys Doux Frangosul Turkey Operation

by 5m Editor
1 July 2009, at 8:47am

BRAZIL - Brazilian meat and poultry processor Marfrig is to acquire the turkey operations of the French owned Doux Frangosul in Brazil.

The deal marks the entry of the Marfrig Group into the turkey market in Brazil.

The acquisition includes one slaughter plant in the city of Caxias do Sul, Rio Grande do Sul with daily slaughter capacity of 30,000 turkeys, one feed plant, one incubation facility and four farms with approximately 1 million birds for slaughter and 50,000 birds for the production of fertile eggs, as well as more than 300 integrated producers to supply birds.

The agreed price for the acquisition of these assets is R$65 million, to be adjusted in accordance with the results of the due diligence to be conducted.

The acquisition is in line with the diversification strategy established by the Marfrig Group since its initial public offering, effectively strengthening its image as the most diversified meat producer and further expanding its product portfolio.