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Brazil's Marfrig completes takeover of Seara

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Marfrig Alimentos has today completed the acquisition of the entire animal protein businesses in Brazil (poultry, pork and processed products) of Cargill, represented by Seara Alimentos, and its affiliated companies in Europe and Asia.

Seara Alimentos in Brazil includes the Seara brand in Brazil and abroad, 12 plants in the value-added processed products segment and a port terminal.


Transaction
The transaction is worth US$ 899.0 million, with US$ 705.2 million paid in cash and the assumption of US$ 193.8 million in debt following the due diligence process. The US$ 705.2 million was paid to Cargill on January 4, 2010.


The businesses of Seara Alimentos in Brazil and the offices located abroad will be managed by the Poultry, Pork and Processed Products Division – Brazil of the Marfrig Group.


Related websites:
• Cargill
• Seara Alimentos
• Marfrig

by Vincent ter Beek

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