BRF to acquire majority of Malaysian further processor

BRF has entered an agreement with FFM Berhad to acquire the majority of the shares of Malaysian company FFM Further Processing (FFP).

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Davide Guglielmo, Freeimages.com
Davide Guglielmo, Freeimages.com

BRF has entered an agreement with FFM Berhad to acquire the majority of the shares of Malaysian company FFM Further Processing (FFP).

According to an announcement to the market issued on September 9, BRF, through its subsidiary BRF Foods GmbH, will invest about US$16 million in the food processing company headquartered in Malaysia.

Upon completion of the transaction, BRF will hold 70 percent of FFP’s shares, while FFM Berhad will hold the remaining 30 percent. FFM Berhad is a subsidiary of PPB Group Berhad, a Malaysian conglomerate operating in various business segments in Southeast Asia. Those business segments include grains, agribusiness and consumer products.

Headquartered in Brazil, BRF is a diversified meat, poultry and food company, and the second-largest broiler company in the world, trailing only Brazil-based rival JBS, according to the WATTAgNet Top Poultry Companies Database. It is also the world’s fifth-largest pig producer.

BRF continues plans for global growth

The planned acquisition is in line with BRF’s strategy to grow internationally. According to BRF’s announcement to the market, completion of the acquisition will strengthen its presence in both the Southeast Asian and Muslim markets.

Among recent international acquisitions announced by BRF are Alimentos Calchaqui Productos, Argentina; Eclipse Holding Cooperatief; Netherlands, Golden Foods Siam, Thailand; and Universal Meats, UK.  

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