Marfrig Global Foods, Brazil, acquired Quickfood, Argentina, from BRF, Brazil.
“With this acquisition, we are reinforcing one of our strategic pillars—focus on growth in value-added products and brands,” says Eduardo Miron, global CEO of Marfrig. “And, we are doing this by acquiring a company renowned for operational excellence. We believe that this operation will create value for our stakeholders."
Quickfood maintains three plants in San Jorge, Baradero and Arroyo Seco, Argentina. Together, these units have a daily processing capacity of 620 head of cattle, and process more than 6,000 tons of products such as beef patties, wieners, cold cuts and frozen vegetables per month. Among the company’s brands are Paty, Good Mark and Barfy beef patties brands, Vienissima! brand of wieners and Green Life brand of frozen vegetables.
On the same occasion, Marfrig also announced a partnership with BRF, by which it will take over the production of beef patties, meatballs and kibbeh at the plant in Mato Grosso, Brazil, and the transfer of equipment and infrastructure. The unit produces an annual production capacity of 69,000 tons of beef patties a year.
The partnership guarantees Marfrig an agreement for supplying these products to BRF for 5 years, allows Marfrig to supply products, such as beef patties, to global foodservice companies in Brazil and adjusts the estimated investment to a new beef patties plant in the country.
Both operations, Quickfood and Mato Grosso, will be managed by Miguel Gularte, chief executive officer of Marfrig’s South American operation.
“We have a non-negotiable commitment to financial health,” says Miron. “With the acquisition of these companies, we saw an opportunity to grow, maintaining and focusing on a simple structure without losing sight of this commitment."