Deals
Chicken Giant BRF Still Sees Beef on Deals Menu, CEO Says
- Company is open to mergers, partners after Marfrig talks end
- Focus now is on restoring profit, reducing leverage levels
Photographer: Dado Galdieri/Bloomberg
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Brazilian chicken giant BRF SA remains open to deals that would increase its product and geographical reach after ending merger talks with beef heavyweight Marfrig Global Foods SA.
The Sao Paulo-based company could engage in negotiations for non-cash mergers, strategic partnerships or long-term supply agreements to give it further access to beef supplies as a way to boost its food-service and processed-food businesses, according to Chief Executive Officer Lorival Luz.