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BRF and Marfrig Asset Swap Completed

21 June 2012, at 8:15am

BRAZIL - Brazilian meat processors BRF – Brasil Foods S.A. - and Marfrig Alimentos S.A. have completed their exchange of assets that was started in December last year.

After incorporation of the plants in Duque de Caxias (RJ) and Lages (SC) and distribution centres in Salvador (BA), Campinas (SP), Brasília (DF) and Pinhais (PR), from the exchange of active with the BRF, sales of Harvest Foods will begin on 2 July.

"Seara will keep the portfolio, production and delivery of products Rao throughout the national market, ensuring continuity of business and products to sell," said Antonio Zambelli, chief marketing officer of Harvest Foods.

The factories at Duque de Caxias and Lages produce sausages, bologna, sausages, pizzas and lasagnas branded Rao. The portfolio also comprises Rao hams, salamis, special cuts, bread, cheese, frozen potatoes, burgers and nuggets, which will also be marketed by Harvest Foods, according to the schedule of incorporation of the next production units.

This week Seara also started pig meat production at the Carambeí plant as part of the lease with option to purchase included in the "Asset Swap Agreement and Other Agreements" signed by the companies on 20 March.

The Carambeí plant will be producing ham, bologna, sausages and special cuts of pork.