SAO PAULO, Brazil – Marfig Group announced Wednesday that it has acquired the Pemmican beef jerky brand and related production equipment from ConAgra Foods Inc. through its subsidiary Mirab USA Inc. for $25 million.
Marfrig and ConAgra have also reportedly entered into a sales and distribution agreement for the 5 years up to July 2013 under which ConAgra will sell and distribute the Pemmican brand beef jerky for Marfrig within its existing consumer products division. Marfrig will also co-pack "Slim Jim" beef jerky for ConAgra Foods pursuant to a co-pack agreement between ConAgra Foods and Mirab USA. This agreement does not include the "Slim Jim" beef stick business.