Perdigão and Sadia to become Brasil Foods

by Editor
Thursday, May 21, 2009

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.