BRF completes £34m acquisition of Universal Meats

Brazilian food company BRF has acquired Kent-based food manufacturer Universal Meats for £34m ($49.5m) for expansion in the global market.

The deal, reported by Global Meat news, was made in December. No official announcement was made until February.

Universal Meats is a food manufacturer of beef, duck, chicken and tuna that has a turnover of more than £100m.

According to BRF chief financial officer Augusto Ribeiro, the transaction ‘is in line with the strategic plan to globalise the company’.

It also aims to assess local markets, popularise the brand name and expand its product portfolio worldwide, reports Food Manufacture.

The deal will help BRF grow its business in local markets of Europe, and operates at two sites in the UK and in Holland. BRF has a joint venture in Ireland, Scandinavia and the UK markets.

In December, BRF completed the acquisition of Thailand’s Golden Food Siam for $360m, reported Global Meat News. The company is interested in taking over Campo Austral company in Argentina.

BRF has 35 factories in Brazil, six industrial sections in Argentina, one in Abu Dhabi and two in Europe.

---

Image: Universal Meats, a manufacturer of beef, duck, chicken and tuna has a turnover of more than £100m. Photo: courtesy of Suat Eman / freedigitalphotos.