The Boards of Directors of Perdigão S.A. and Sadia S.A. informed their shareholders and the market that an association agreement has been executed.
From the Association will result BRF - Brasil Foods S.A., with head offices in the city of Itajaí, Santa Catarina. According to agency reports, the merger will create Brazil’s largest pork and poultry processor and a company with combined annual revenue of $10.6-billion (U.S.), 42 plants and a 119,000-person work force. The acquisition must first be approved by Brazilian regulators.
Source: Fleischwirtschaft International/ Perdigão S.A.