Beef processing giant Marfrig increases stake in Brazilian peer BRF to 31.66%

BRAZIL – Marfrig Global Foods, the world’s second-largest producer of beef after JBS, has increased its stake in BRF to 31.66% in an effort to diversify its holdings. BRF is one of the biggest food companies in the world, with over 30 brands in its portfolio, among them Sadia, Perdigão, Qualy, Paty, Dánica and Bocatti. The Brazilian company has a presence in more than 130 countries across the globe and reported revenues of US$7.82 billion in 2020. The acquisition of additional stake in BRF comes two weeks after Marfrig revealed…

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ADM, Marfrig joint venture PlantPlus receives approval to offer plant-based foods in America

US — American multinational food processing and commodities trading corporation, Archer Daniels Midland Co. and Marfrig have received regulatory approval for their PlantPlus Foods joint venture. The approval gives PlantPlus Foods the green light to offer a range of finished plant-based food products across North America and South America. “We’re excited to take this important step forward as we bring together the tremendous resources of two leaders in nutrition,” said Marcos Molina, founder and chairman of Marfrig. “PlantPlus Foods is born of two companies that had a common vision to…

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