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As Brazil Suffers, BRF Spends $496 Million to Grow Overseas

  • Foodmaker expects an additional $600 million in annual revenue
  • BRF agrees to buy assets in Thailand, Argentina and the U.K.
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BRF SA, Brazil’s biggest maker of processed food, expects sales to increase by 6 percent after completing three separate acquisitions in Asia, Europe and South America, the company said.

The deals totaling $496 million should add about $600 million in annual revenue while increasing production capacity by 230,000 metric tons, Chief Executive Officer Pedro Faria told journalists on a conference call Wednesday. The deals will double overseas output to 8 percent of BRF’s total production, he said. Company sales of chicken to frozen pizza reached $9.9 billion over the past 12 months.