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Brazil's BRF closes purchase of Mogiana, Hercosul for $260 mln

reuters.com · 09/01/2021 17:06
Brazil's BRF closes purchase of Mogiana, Hercosul for $260 mln

- Brazilian food processor BRF SA BRFS has concluded the purchase of pet food companies Mogiana Alimentos and Grupo Hercosul, paying a combined 1.35 billion reais ($260.37 million), according to a securities filing on Wednesday.

BRF's move is part of a plan to become one of the most relevant players in the Brazilian pet food market by 2025, the filing said.


($1 = 5.1849 reais)


(Reporting by Ana Mano; Editing by Leslie Adler)

((ana.mano@thomsonreuters.com; Tel: +55-11-5644-7704; Mob: +55-119-4470-4529; Reuters Messaging: ana.mano.thomsonreuters.com@reuters.net))