BRF SA (NYSE: BRFS, BM&F Bovespa: BRFS3) was founded in 1900, formerly known as BRF-Brasil Foods SA, changed to its current name in April 2013, headquartered in Itajai, Brazil, with 96,279 full-time employees, the largest in Brazil Food processing company, also the fifth largest meat company in the world, focuses on the breeding, production and slaughter of poultry and livestock in Brazil, Latin America, Europe, the Middle East, Africa and Asia.
BRF SA (BRFS):
BRF SA, together with its subsidiaries, is mainly engaged in the breeding and slaughtering of poultry (chickens, ducks, etc.) and livestock (pigs, cattle, etc.), and has expanded into the fields of dairy products and food processing.
BRF SA product categories include : fresh chicken, turkey, pork, beef, ham, sausage, frankfurter sausage, burger, breaded meat products, meatballs, lasagna, pizza, cheese bread, pies, frozen vegetables, milk, milk Products, desserts, juices, soy milk, soy milk, margarine, seasonings, mayonnaise, soybean meal, soybean meal, animal feed, etc.
BRF SA’s brands include : Batavo, Claybon, Chester, Elege, Farm, Nabrasa, Perdigao, Perdix, Hot Pocket, Miss Daisy, Nuggets, Qualy, Sadia, Speciale Sadia, Danica, Paty, Bob Esponja, Trakinas, Smurfs, Philadelfia Wait.
BRF SA products are mainly sold to the Middle East, Far East, America, Europe, Africa, Eurasia and other regions.
BRF SA (BRFS) History:
- BRF, formerly the Brazilian Food Company (Brasil Foods SA), is a Brazilian food conglomerate, which was formed by the merger of Sadia SA and Perdigão SA. For more than 80 years, since its first factory in Videira, Santa Catarina, it has been producing animal protein, processed food, margarine, pasta, frozen pizza and vegetables.
- Perdigão’s negotiation to acquire Sadia began in 2008 and was led by then CEO José Antonio do Prado Fay. The transaction was formally completed in May 2009, creating the current BRF and continuing under Fay’s leadership.
- In October 2011, BRF acquired two companies, Avex (a meat packer) and Dánica (Argentina’s leading margarine producer) for US$150 million.
- In 2012, in Abu Dhabi, the company acquired a 49% stake in food producer Federal Foods for US$36 million.
- In April 2013, entrepreneur Abilio Diniz was selected as the new chairman of the BRF board of directors and began to promote the internal change plan. Four months later, Claudio Galeazzi replaced José Antonio do Prado Fay as CEO. Galeazzi will work with Abilio Diniz and enter into partnerships with other companies previously led by Diniz (for example, Pão de Açúcar Group).
- In April 2014, BRF invested 27.8 million US dollars to continue to acquire shares of Federal Food Corporation.
- In August 2014, BRF acquired Alyasra Food Company, a frozen food distributor in Kuwait, for US$160 million. With these acquisitions, the company expanded its business in the Middle East and launched its international expansion plan. 50.2% of BRF’s 2015 revenue came from export sales.
- In September 2014, BRF sold its dairy products assets to the French Lactalis Group for 1.8 billion reais, including brands Batavo, Cotochés and Elegê. According to BRF, the decision to sell the assets of the dairy sector was due to weak financial returns.
- Also in September 2014, Claudio Galeazzi announced that he would resign as CEO and be replaced by Pedro Faria, who took office in January 2015.
- In 2015, BRF became the first Brazilian company to invest in the issuance of Green Bonds. Green bonds are securities whose proceeds must be invested in environmentally sustainable development projects.
- Consistent with BRF’s strategic globalization plan, the company established SATS BRF in Singapore; in China, Sadia was launched; in the Middle East, BRF obtained the rights to Qatar National Import and Export (QNIE); in Argentina, BRF acquired the traditional brands Vieníssima (sausage), Goodmark (hamburger), Manty and Delícia (margarine) through its subsidiaries Avex and Quick Foods.
- In mid-March 2017, BRF SA broke out a scandal: According to reports, after a two-year investigation, on March 17, the Brazilian police announced that it was the Brazilian Food Company (BRF SA) and JBS SA (BM&F Bovespa: JBSS3) The company and many small-scale meat processors are suspected of bribing inspectors and some politicians in the country, causing low-quality meat to flow to the market. News link