Brazil-based food group Marfrig is to split its beef business into two operational units – one for its domestic market and one for southern parts of South America.
From September, the company will run the beef business through Marfrig Beef Brazil and Marfrig Beef Southern Cone, which will oversee operations in southern Brazilian state Rio Grande so Sul, Argentina, Chile and Uruguay. The second unit will also handle Marfrig Beef’s Pampeano canned food business.
Go deeper with GlobalData
According to market sources, around 60-70% of Marfrig’s beef sales are to retailers, with the rest to foodservice outlets.
Last month, Marfrig announced plans to sell domestic poultry business Seara Brasil to rival JBS.
If the sale of Seara Brasil is approved by Brazilian competition authorities, Marfrig will be offloading its branded business in its domestic market. It would be left with its beef operations in Brazil, as well as its European arm – the UK-based Moy Park – and US meat products manufacturer Keystone Foods.
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
