Brazilian meat group Marfrig today (27 February) revealed that its board of directors has approved a new operational structure as the firm looks to cut costs and complexity from the business.
The move will create a “new operational unity”, Seara Foods, as well as implementing changes to its beef division and creating a separate holding to focus on strategy.
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“The goal of Seara Foods is to guarantee an enhanced integration, resulting in more operational synergies in the poultry, pork and processed products segment of the group – Seara, Moy Park and Keystone Foods – which will continue to operate with their respective own identities, the company said. “The changes in the holding units level aim to underline the focus on strategic decisions.”
Marfrig initially announced that it intended to restructure its operations in October.
