Brasil Foods S.A. announced on January 16 it has finalized the acquisition through its subsidiary in Austria, a 49 percent share equity stake of Federal Foods Limited, a privately held company headquartered in Abu Dhabi, in the United Arab Emirates.
Brasil Foods announced the conclusion of this business at a final amount of USD 37.1 million. The company previously announced on October 4, 2012, that it had signed a binding offer for the acquisition. Austria Brasil Foods will have powers of decision in accordance with the shareholders' agreement now in place and will consolidate the Financial Statements of Federal Foods.
This acquisition is in line with the company's strategic plan to become more international by accessing local markets through processing and distribution, strengthening the Brasil Foods brands and expanding the product portfolio in the Middle East.
offers a line a deboners designed to improve the quality of recovered meat on
chicken carcasses, necks and wishbones and trims.
Food Processing Technology offers a tail feather puller designed to remove most
of the long tail feathers from the tails.
Hygiena offers the MicroSnap Total, a flexible
test that may be used for product or environmental samples.
Road network condemned as 'stone age'
Bill needed to strengthen U.S. position on trade deals, create jobs, says National Chicken Council
California man will serve 120 days in jail, must pay Foster Farms $4,620 for 2014 incident where 925 chickens were killed
--- Thank you for your patience ----
If you have any issues logging in or any other need feel free to contact us.