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
The facility is designed to foster innovation and deepen collaboration with customers, by offering a range of new services and solidifying its role as a central hub for customer support. Tereos’ team, supported by a network of 50 scientists, will ensure customers can innovate and meet the rising consumer demand for healthier and more sustainable products.
Glanbia has agreed to acquire Flavor Producers from Aroma Holding for an initial consideration of $300 million. Flavor Producers is a US-based flavour platform, providing flavours and extracts to the F&B industries, with a focus on organic and natural ingredients.
Lesnard, who previously worked at Nike, The North Face and Sephora, has a mission to “grow and sustain GODIVA’s position and expertise in the premium chocolate category, leveraging ongoing support from pladis to take GODIVA and its legendary chocolate to new heights.”
