(Reuters) – Brazil’s BRF SA, the world’s largest chicken exporter, said it was buying Argentine brands producing sausage, hamburgers and margarine from Molinos Rio de la Plata for $43.5 million.
The purchases include the brands Vieníssima, GoodMark and Manty e Delícia, as well as Hamond, Tres Cruces e Wilson, BRF said in a securities filing on Thursday evening. The transaction will be paid in Argentine pesos and will be purchased via BRF’s Argentine subsidiaries BRF Quickfood and Avex.
BRF said the purchases were in line with its strategy to become a global player by accessing local markets and expanding its portfolio internationally. (Reporting by Alberto Alerigi Jr; Writing by Caroline Stauffer)
McCain Foods has completed the acquisition of Irish plant-based frozen food manufacturer Strong Roots. The acquisition follows McCain and Strong Roots’ strategic partnership, which began in 2021 and resulted from a $55 million investment.
Cargill partners with Voyage Foods to scale up alternatives to cocoa-based products to meet consumers’ indulgence needs. The commercial partnership will also provide food manufacturers with nut spreads produced with no nut or dairy allergens used in the recipe formulation.
L’Occitane International owner Reinold Geiger is reportedly close to taking the company private in a deal with Blackstone. The French skin care company’s filing halted trading of its Hong Kong-listed shares this week. This is the second time in months that the Australian billionaire has attempted a buyout.