BRF Acquires Share of Omani Distributor11 July 2014
OMAN - Brazil-based meat processor, BRF SA (formerly Brasil Foods), has completed its acquisition of Al Khan Foodstuff LLC.
BRF announced in February 2014 the signing of a binding offer with the shareholders of Al Khan Foodstuff LLC (AKF), its current distributor of products in the Sultanate of Oman, to acquire 40 per cent of the share capital of AKF.
BRF has now concluded the transaction with the fulfillment of the previously established conditions.
This acquisition is in line with BRF’s strategic plan to internationalise the Company by accessing local markets, strengthening BRF’s trademarks, distribution and expanding its portfolio of processed products across the Middle East.ThePoultrySite News Desk