Bunge acquires stake in Brazilian grains and inputs supplier Agrofel Grains

BRAZIL – Global agribusiness company, Bunge has entered into an agreement to acquire 30% stake in a Brazilian-grain sourcing business, Agrofel Grains and Inputs. Agrofel sells agricultural supplies in the southern state of Rio Grande […]

BRF offloads stake in Singapore-based joint venture for $12.3m

SINGAPORE – Brazilian meat packing company, BRF has sold its 49% stake in the SATS BRF Food joint venture in Singapore to SATS Food Services for SGD 17 million (US$12.3 million). SATS, a ground handler […]

Tyson Foods acquires stake in Brazilian poultry firm Grupo Vibra

BRAZIL – Tyson Food has reached an agreement to acquire a 40 percent stake in the foods division of Grupo Vibra, a Brazilian producer and exporter of poultry products, for an undisclosed sum. Once completed, […]

Nestlé to close Australian facility as expansion in Brazil gains traction

AUSTRALIA – Nestlé has announced that it will be closing its Tongala processing plant in Victoria, Australia and move the facility’s operation overseas. The closure of the facility, which primarily produces tinned milk products, will […]

Nestlé to invest US$245m in Brazil over the next three years to expand production

BRAZIL – Nestlé SA will be investing US$245.75 million (1 billion reais) in Brazil’s Sao Paulo state over the next three years to expand its production capabilities. Nestlé plans to set up new production lines […]

Brazilian meat processor BRF appoints Carlos Alberto as new chief financial officer

BRAZIL – BRF, a Brazilian meat-packing company has appointed Carlos Alberto Bezerra de Moura as its new chief financial and investor relations officer. Carlos takes over from BRF’s global chief executive, Lorival Nogueira Luz Junior, […]

McCain Foods invests US$100m in new french fry factory in Brazil

BRAZIL – World’s leading producer of frozen french fries, McCain Foods has announced a US$100 million investment in its first french fry factory in Brazil. The company is planning to build a new manufacturing facility […]

Bunge and BP to create biofuels joint venture in Brazil

BRAZIL – Agribusiness giant, Bunge Limited and BP Plc have agreed to create a new biofuels joint venture in Brazil, one of the world’s largest fast-growing markets for biofuels. The 50:50 JV will create a […]

Lactalis closes deal for Brazilian dairy company Itambe Alimentos

BRAZIL – French dairy group, Lactalis through its subsidiary Lactalis do Brasil has completed acquisition of Brazilian dairy processor, Itambé Alimentos SA. With the deal whose financial details were not disclosed, Lactalis said it would […]

Brazilian meat companies BRF and Marfrig end possible merger talks

BRAZIL – Brazilian meat processors, BRF SA and Marfrig Global Foods SA have called off negotiations for a possible merger as announced in May this year. The companies which were set to combine operations to […]