Brazilian food giant BRF has upped its stake in Federal Foods, a manufacturer based in the United Arab Emirates.
In a filing to the Brazilian stock market, BRF said it had acquired an unspecified stake in dairy-to-meat group Federal Foods for US$27.8m.
Go deeper with GlobalData
BRF snapped up 49% of the business, which is based in Abu Dhabi, for $37.1m in January.
The company said the latest purchase was “in line with BRF’s strategic plan to internationalise the company by accessing local markets, through the processing and distribution, strengthening BRF’s trademarks and expanding its product portfolio across the Middle East”.
Federal Foods portfolio includes a range of frozen, chilled and dry lines. The frozen ranges include products sold under flagship BRF brand Sadia.
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
