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.
Event to take place September 20-21, 2014, at the Kuntai Hotel in Beijing
Brazilian Association of Animal Protein will promote exports of poultry genetic material, pork and chicken
After report alleges UK poultry processors failed to follow proper hygiene practices, companies stress their commitment to food safety and battling Campylobacter
Improved understanding of xylanase type and dose rate could lead to consistently higher returns
Three months without reoccurrence, notification sent to World Organisation for Animal Health
UK parliamentary under secretary of state for natural environment and science visits animal health researchers at University of Edinburg’s Easter Bush campus
--- Thank you for your patience ----
If you have any issues logging in or any other need feel free to contact us.