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Marfrig Alimentos S.A. announces to its shareholders and the market in general that it received a proposal from The Martin-Brower Company, L.L.C. for the acquisition of its quick service restaurants logistics assets and businesses in the USA, Europe, Middle East, Oceania and Asia from its subsidiary Keystone Foods, LLC.
The aggregate purchase price for the Business Assets would be four hundred million United States dollars (US$400,000,000), to be paid upon conclusion of the transaction, which should occur in the fourth quarter of this year, subject to due diligence and the customary corporate and legal approvals of anti-trust authorities and it reaffirms the Company’s strategy of focusing on its core business of production, industrialization and sale of animal protein products.
The sale of these distribution and logistics assets will allow Marfrig and Keystone Foods to focus strategically on their core proteins business and leverage their considerable global competency in beef, pork, poultry, and fish processing.
Marfrig Alimentos S.A.
