BRF SA, the largest processed food maker in Brazil and the world’s largest processed chicken exporter, has announced the acquisition of Thai poultry processor Golden Foods Siam Ltd from Malaysia’s private equity firm Navis Capital Partners for an enterprise value of $360 million, according to the company’s statement.
This acquisition made through its subsidiary BRF GmbH will include all the shares in Golden Foods Siam and its assets in Thailand and Europe.
Golden Foods Siam is one of the top chicken processing companies in Thailand and supplies its products to restaurants and retailers in Thailand and other 15 countries globally, focusing in Asia and Europe.
At the same time, it informed the stock exchange that it has signed an agreement to acquire UK-based fresh and frozen meat supplier Universal Meats (U.K.) Ltd for around $51 million and Argentina-based pork farm Eclipse Holding Cooperatief UA for $85 million.
The acquisitions are in line with its strategic plan on globalization, BRF said in the statement. Its footprint has been expanded into Asia, Europe and South America aggressively.
In October, it also announced that it was negotiating to buy Argentina-based producer of sausage, hamburgers and margarine from Molinos Rio de la Plata for $43.5 million.