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Under the deal, ADM will be responsible for supplying the primary raw material used in the process, while Marfrig will produce, distribute and sell the products in the foodservice and retail channels.
Marfrig Global Foods, Brazil, announced an agreement with Archer Daniels Midland Co. (ADM), Chicago, to produce and sell vegetable protein-based products in Brazil.
The Nature Conservancy (TNC), Arlington, Va., Walmart Brazil, Brazil’s Marfrig Group and ranchers joined forces to spread social and environmental best practices in cattle production activities in the Brazilian Amazon Region.
The Martin-Brower Co. completed its purchase of certain assets of Keystone Foods' North American distribution businesses and acquired interests in its distribution and logistics units in Europe, the Middle East and Asia Pacific.
Brazilian meat processor Marfrig Alimentos S.A., Sao Paulo, said it agreed to purchase U.S. foodservice protein supplier Keystone Foods LLC, West Conshohocken, Pa., for $1.26 billion.
Brazil's Marfrig Frigorificos e Comercio de Alimentos S.A., Sao Paulo, said it expects by this fall to purchase six Latin American and European food businesses from OSI Group, Aurora, Ill.
