Brazil Foods aims to expand in the US
Brasil Foods, formed by the recent merger of Perdigao and Sadia, is exploring expansion in the US following JBS S.A.’s bid to acquire Pilgrim’s Pride Corp., Dow Jones reports.
Brasil Foods President Jose Antonio Prado Fay ecently stated that the company wants to become a familiar brand in the US, in addition to its main markets in Russia and the Middle East.
“[The] US is a very important market for us and we are not present there at all. We can enter this market either through partnerships or by acquisitions,” said Fay.
By buying Pilgrim’s, JBS would become a competitor to Brasil Foods in the poultry market and one of the world’s leading protein exporters.
Source: meattradenewsdaily.co.uk
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