Marfrig Concludes Acquisition of National Beef
São Paulo, June 6, 2018 – On Tuesday (5), Marfrig Global Foods received the authorizations pending for its acquisition of a 51% interest in National Beef Packing Company, LCC, a leading global beef producer.
With the consummation of the acquisition, Marfrig becomes the world’s second-largest beef processor in terms of production capacity.
The acquisition by Marfrig of the controlling interest in National Beef was announced in early April. The Brazilian company paid US$969 million for a 51% interest, which was financed by the private bank Rabobank with the participation of Banco Bradesco and ING.