Brazilian meat-packing business BRF and Marfrig Global Foods have ended negotiations of a potential business merger between the two companies, according to an announcement made last week.
The potential new entity would have been the world’s fourth largest meat-packer after JBS, Tyson Foods and China’s WH Group. The decision to halt talks stems from the fact that the parties were unable to reach an agreement on the governance of the combined company, had the transaction occurred.
Earlier this year, the two companies agreed to a memorandum of understanding (MOU), giving them 90 days, and possibly 30 more days, to negotiate the potential combination of assets and shares.
According to BRF, “the commercial relationship between the Company and Marfrig will remain unchanged and that there will be no modifications to the practices, conditions and terms set forth in the existing agreements entered into by both parties.”
According to Reuters, the collapse of the deal will leave BRF, which has been trying to restructure under a team chosen by Pedro Parente, under renewed pressure to cut debt and boost revenue.
By Bryony Andrews
Source: FoodBev
Heineken has named Guillaume Duverdier as its new regional president for Africa Middle East (AME), effective 1 July 2025. Duverdier will also join the company’s executive team, succeeding Roland Pirmez, who is retiring after 29 years with the brewer.
The transaction, of which the financial terms were not disclosed, includes seven facilities in total: three dry corn milling facilities in Nebraska, Kansas and Illinois; three dry masa facilities in Texas, Indiana and Iowa; and a transload and packaging facility in Mexico. The dry corn milling division will continue to be headquartered in St Louis, Missouri.
As part of the changes, Elizabeth Duggan, current senior vice president and general manager, will now be president of the company’s snacks division as of 12 May, taking over from Chris Foley, who will step down in July after 25 years with Campbell’s.
