Brazilian meat giant Brasil Foods is set to close its plants in Japan and the UK.
The minutes of a board meeting that took place in Rio de Janeiro on Thursday (24 November) state that the plants in Tokyo and Worcester will be closed, with no further information. The meeting also approved the hiring of Ernst & Young as independent auditors.
Brasil Foods was not available for comment.
The company was created after a merger between two Brazilian food companies, Perdigao and Sadia in July.
In October it posted an increase in third-quarter profits, on the back of an improved performance in its meat business and cost savings from the merger.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData