17 Apr '15, 7am

Brazil’s BRF to form JV with Singapore Food Industries: Brazilian food processing firm BRF, through its joint ...

Brazil’s BRF to form JV with Singapore Food Industries: Brazilian food processing firm BRF, through its joint ...

Brazil’s BRF to form JV with Singapore Food Industries FBR Staff Writer Published 17 April 2015 Brazilian food processing firm BRF, through its joint venture, has formed a joint venture with Singapore Food Industries (SFI). In addition, the Brazilian firm acquired 49% shares of a new company to be formed by the SFI, which will be called as SATS BRF, for approximately $19m. The remaining stakes will be owned by SFI. The SFI is a wholly owned subsidiary of SATS, the largest provider of airport services in Asia. SATS president and CEO Alex Hungate said: "We already have a successful relationship with BRF, bringing high quality meat into Singapore. "Together, we can scale up our meat processing to become more productive and to innovate new branded food offerings for the growing middle classes in Asia." The new firm will focus on meat processing and manufacturing of branded foo...

Full article: http://www.food-business-review.com/news/brazils-brf-to-f...

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