BRF Planning to Purchase Oman Distributor

OMAN - Brazilian poultry and food processor BRF is to buy 40 per cent of distributor in Oman, Al Khan Foods.
calendar icon 20 February 2014
clock icon 2 minute read

Under the offer, BRF acquire the remaining stake in AKF, which is valued at $ 68.5 million between 36 and 90 months from the date of closing of the first acquisition , as laid down by the laws in the Sultanate of Oman.

AKF is the leading distributor of frozen foods in the Sultanate of Oman , covering a broad scope of clients from retail, food service and wholesale.

It has been the distributor of Sadia products in the Sultanate of Oman for 25 years , as well as a number of other frozen products from other brands and suppliers .

This new acquisition is in line with the strategic plan to internationalise BRF, accessing local markets, strengthening BRF brands and distribution and expanding its product portfolio in the Middle East .

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