September 15, 2009
Marfrig in talks to acquire Brazil chicken company Seara
Brazilian meat company Marfrig is in negotiations to acquire Seara Alimentos from Cargill, local newspaper Valor Economico reported Monday (Sept 14).
Seara Alimentos is Brazil's second largest chicken company after the giant BRF Brasil Foods, recently created as a result of the merger of Sadia SA and Perdigao SA.
The deal comes after Marfrig's merger talks with privately held meatpacker Bertin have cooled, the newspaper reported.
Valor also reported that Marfrig is in further acquisition talks with the French poultry company Doux Frangosul. Marfrig acquired Doux Frangosul's turkey division in June.
The possible acquisitions would fit Marfrig's strategy to move away from being mainly a beef producer and into areas such as poultry.
Marfrig was unavailable to comment.
Brazil is the world's No. 1 beef and chicken exporter.
