Marfrig and BRF Move Towards Merger to Form MBRF Global Foods
Deal News | May 19, 2025 | EIN
Marfrig Global Foods and BRF, two of the largest protein companies in Brazil, have announced plans to merge, potentially forming the world's next major multi-protein enterprise under the new name MBRF Global Foods Company SA. This strategic merger follows a longstanding relationship, with Marfrig becoming the majority shareholder of BRF in December 2021. The comprehensive merger plan involves Marfrig acquiring the remaining shares in BRF, to be concluded by the end of June after board reviews. Both companies bring substantial industry strengths: BRF as the world's third-largest poultry producer with a notable presence in the Middle East, and Marfrig as a diverse protein producer. Anticipated benefits of the merger include greater efficiency and scale, simplified corporate structures, and enhanced global market consolidation. The companies are optimistic about the absence of significant risks beyond normal operational activities.
Sectors
- Animal Protein Production
- Food and Beverage
Geography
- Brazil – Both Marfrig and BRF are headquartered in Brazil, which is central to this merger announcement, impacting the Brazilian and global protein markets.
- Global – The merger aims to create a company with a strong presence in international markets, indicating a geographical reach extending beyond Brazil.
Industry
- Animal Protein Production – The merger involves two of Brazil's largest animal protein companies, Marfrig and BRF, which are significant players in poultry, pork, and beef production.
- Food and Beverage – Both companies are major contributors to the food industry, with products ranging across multiple protein sources, integrally aligned with global food supply chains.
Financials
- 24.23% – Initial percentage of BRF shares purchased by Marfrig in 2021.
- 9.6 million metric tons – Annual feed production by BRF, highlighting its scale in the industry.
- 1.1 million metric tons – Annual feed production by Marfrig, contributing to their industry ranking.
- 1.67 billion broilers – Annual production of broilers by BRF, emphasizing its scale as a poultry producer.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Marfrig Global Foods | Acquiring Company | Company | A major Brazilian beef producer and the majority shareholder of BRF, spearheading the merger. |
| BRF | Target Company | Company | One of the largest poultry and pork producers in the world, involved in the merger with Marfrig. |
| Marcos Antonio Molina dos Santos | Chairman | Person | The shared chairman of both Marfrig and BRF, instrumental in steering the merger. |