Following a failed attempt at acquisition of BRF S.A. by Marfrig Global Foods S.A. in mid-2019, Marfrig has now acquired 24 percent of the equity in the company. According to a May 24th press release, Marfrig will function as a passive investor without representation on the Board of BRF.
The product scope of the two companies is complementary with Marfrig heavily committed to beef and BRF producing and exporting both chicken and pork.