Brazilian company to buy OSI's overseas business
The purchase includes 15 manufacturing facilities for further processed and industrialized products and poultry slaughtering.
Marfit said that the businesses in the deal are Braslo Produtos de Carnes Ltda. (meat products, important supplier for fast food chains in beef and poultry value added products), Penasul Alimentos Ltda (vertically integrated poultry processor and manufacturer of pork and poultry industrialized products and owner of the "Pena Branca" brand for the Southern region of Brazil) and Agrofrango Industria e Comercio de Alimentos Ltda (vertically integrated poultry processor).
In Europe, Marfrig will acquire OSI's Moy Park Group based in the
The deal is valued initially at $680 million in a combination of cash and Marfrig common shares and with a potential additional payment in the future of up to $220 million linked to future performance in the European businesses, the company said.
Source: Marfrig Frigorificos e Comercio de Alimentos S.A.