M&A Deal Summary

Marfrig Alimentos SA Acquires Seara Alimentos SA

On September 15, 2009, Marfrig Alimentos SA acquired food company Seara Alimentos SA from Cargill for 706M USD

Acquisition Highlights
  • This is Marfrig Alimentos SA’s 2nd transaction in the Food sector.
  • This is Marfrig Alimentos SA’s 3rd largest (disclosed) transaction.
  • This is Marfrig Alimentos SA’s 1st transaction in Brazil.

M&A Deal Summary

Date 2009-09-15
Target Seara Alimentos SA
Sector Food
Buyer(s) Marfrig Alimentos SA
Sellers(s) Cargill
Deal Type Divestiture
Deal Value 706M USD

Target

Seara Alimentos SA

Itajai, Brazil
Seara Alimentos consists of companies in Europe and Asia, including the brand in Brazil, 12 plants in the value-added processed and prepared poultry and pork products segment and one port terminal.

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Buyer(S) 1

Buyer

Marfrig Alimentos SA

Sao Paulo, Brazil

Category Company
Sector Food
DESCRIPTION

Marfrig Alimentos S.A. operates in the food and food service sectors in Brazil and internationally. The company operates through two segments, Marfrig Beef and Seara Foods.


DEAL STATS #
Overall 2 of 4
Sector: Food M&A 2 of 4
Type: Divestiture M&A Deals 2 of 3
Country: Brazil M&A 1 of 1
Year: 2009 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-23 Moy Park

Craigavon, United Kingdom

Moy Park Ltd. is a food company providing fresh, high quality, locally farmed poultry and complementary convenience food products and brands to customers and consumers. Moy Park Ltd. was founded in 1943 and is based in Craigavon, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-15 Keystone Foods

West Chester, Pennsylvania, United States

Keystone Foods LLC is a global manufacturer of protein products and a custom foodservice distributor, primarily to the quick services restaurant industry in the U.S., Europe, Asia and Latin America. The company operates 54 facilities in 13 countries that serve approximately 31,000 restaurants worldwide. In the United States, Keystone is the largest provider of chicken and beef products, the second largest provider of fish products and the third largest distributor to the McDonald’s System. Other key accounts for Keystone include YUM! Brands, ConAgra, and Quizno’s.

Buy $1.3B

Seller(S) 1

SELLER

Cargill

Wayzata, Minnesota, United States

Category Company
Founded 1865
Sector Agriculture
Employees142,000
Revenue 136.6B USD (2012)
DESCRIPTION
Cargill's corporate headquarters in Wayzata, Minnesota.
Cargill's corporate headquarters in Wayzata, Minnesota.

Cargill is a global company involved in the food, agriculture, financial, and industrial sectors. Its operations include the trading, processing, and distribution of agricultural commodities; production of meat, poultry, and other food products for both retail and foodservice markets; and the provision of essential industrial products like salt and bio-industrial materials. Cargill was formed in 1865 and is based in Wayzata, Minnesota.


DEAL STATS #
Overall 5 of 22
Sector: Food M&A 2 of 7
Type: Divestiture M&A Deals 3 of 18
Country: Brazil M&A 1 of 1
Year: 2009 M&A 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-29 Animal Nutrition Business - Cargill

Spain

Animal Nutrition Business - Cargill, Inc. 12 compound feed production facilities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Feed Management Systems

Hopkins, Minnesota, United States

Feed Management Systems, Inc. (FMS) is a global leader in software solutions and services for the animal nutrition and feed industries.

Buy -