Brazil’s BRF, Marfrig agreed to distribute Sadia-brand products in Argentina

Brazilian meatpackers BRF and Marfrig closed an agreement for Quickfood to distribute Sadia-brand products in Argentina.

The US$ 10 million contract signed by the companies estimates the sale of 2,500 tonnes.

The agreement is valid until January 1, 2023, and can be extended until 2024 if Quickfood, a subsidiary of Marfrig, reaches its commercial goals.

Since the end of March, Marfrig, which holds a 33.2% stake in BRF, took control of the meatpacking company that comprises the Sadia and Perdigão brands.

At the time, important market players, such as BTG Pactual and Itaú BBA, considered that BRF was starting a “new chapter” in its history.

However, BRF informed that the terms and conditions of Sadia’s dismissal agreement in Argentina were approved before Marfrig took over its board of directors.

Source: Money Times

To read the full original article, please go to: https://www.moneytimes.com.br/brf-brfs3-e-marfrig-mrfg3-para-distribuir-sadia-na-argentina/

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