Brazil’s Marfrig Global Foods SA is close to selling its U.S. subsidiary Keystone Foods LLC, which supplies chicken to restaurant chains such as McDonald’s Corp, one person with direct knowledge of the matter said on Wednesday.
Five binding proposals were delivered earlier this week and Marfrig’s controlling shareholder Marcos Molina will decide on them soon, according to the source.
Among the groups interested in Keystone are Cargill Inc, Tyson Foods Inc, Cofco Corp, China Investment Corp and George Inc, a family-owned chicken producer based in Springdale, Arkansas.
Shares in Marfrig were up 4.4 percent at 8.30 reais on the Sao Paulo stock exchange, extending this year’s gains to 15 percent. Bloomberg reported on Tuesday that Marfrig had received binding offers for Keystone.
By Tatiana Bautzer
Source: Reuters
Diageo has today (10 November 2025) announced the appointment of Dave Lewis to the role of CEO and executive director, effective 1 January 2026. Lewis steps into the role following the departure of former CEO Debra Crew, who stepped down in July. Nik Jhangiani, the company’s chief financial officer, has been serving as interim CEO since.
Before joining TBG, Chibe served as CEO of Pabst Brewing Company. His previous roles include president and CEO of Ferrero North America, US chief marketing officer at Anheuser-Busch InBev and senior leadership positions at Wrigley.
Located in Southern Minas Gerais, the brewery aims to enhance the company’s supply chain by bringing production closer to key consumer hubs in Brazil’s Southeast region. With an initial capacity of up to five hectolitres per year, the plant will produce Heineken and Amstel products – both 100% pure malt brands.
