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BRF Acquires Golden Foods Siam

03 December 2015

GLOBAL - Brazilian meat giant BRF has acquired poultry company Golden Foods Siam, after entering into a share purchase agreement for all its common shares.

The purchase includes its assets in Thailand and Europe, and is based on an enterprise value of 360,000,000 US dollars.

Golden Foods Siam is one of the leading poultry producers in Thailand, with fully integrated operations and presence in more than 15 markets globally.

BRF said the transaction is part of its plan for globalising the company, accessing local markets, strengthening BRF’s brands and distribution, and expansion of its product portfolio around the globe.

The transaction is subject to the satisfaction of certain conditions precedent set forth in the share purchase agreement, BRF said.

ThePoultrySite News Desk

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