February 25, 2010

Marfrig in talks on poultry acquisition

Brazilian meatpacker Marfrig Alimentos is in talks with Grupo Globoaves over the acquisition or leasing of two free-range chicken and poultry plants.

Brazilian meat packer Marfrig Alimentos has confirmed that it is in talks with Grupo Globoaves over the acquisition or lease of two free-range chicken and poultry plants. The move is part of Marfrig's strategy to diversify its offering of protein-based products and will add free-range duck and chicken products in its new Seara division, which has activities in chicken, pork and processed foods, the company said.

A spokesperson for the company said that the acquisition would also include the Nhô Bento chicken brand and Germania duck brand.

However, the company declined to comment further on the ongoing negotiations.

The deal is dependent on completion of due diligence, Marfrig said in a regulatory filing.