BRF

#2313

Rank

$6.34B

Marketcap

Brazil

Country

Leadership team

Mr. Miguel de Souza Gularte (Global Chief Exec. Officer)

Mr. Fabio Luis Mendes Mariano (Chief Financial & Investor Relations Officer and Member of Exec. Board)

Mr. Alessandro Rosa Bonorino (VP of People, Management & Digital Transformation and Member of Exec. Board)

Products/ Services

Food and Beverage, Manufacturing

Headquarters

Itajaí, Santa Catarina, Brazil

Established

1934

Company Registration

SEC CIK number: 0001122491

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

BRFS

Social Media

URL

https://www.brf-global.com

Overview

Location

Recognition and Award

References

Summary

BRF S.A. focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and beef; processed food products, such as marinated, frozen, whole and cut chicken, roosters, turkey meat, sausages, ham products, bologna, frankfurters, salamis, bacon, cold meats, other smoked products, chicken sausages, chicken hot dogs, and chicken bologna; and frozen processed meats comprising hamburgers, steaks, breaded meat products, kibbeh, and meatballs. It also produces and sells frozen prepared entrees, such as pastas and pizzas, including lasagna, macaroni, sandwiches, cheese breads, and other ready-to-eat meals; pies and pastries comprising chicken and heart-of-palm pies, sauces, and toppings; frozen desserts; plant-based products, such as nuggets, pies, vegetables, and hamburgers; and soy meal, refined soy flour, and animal feed, as well as sell frozen French fries, margarine, butter, and cream cheese. The company primarily sells its products under the Sadia, Perdigão, Qualy, Chester, Kidelli, Perdix, Biofresh, Gran Plus, and Banvit brands. It serves supermarkets, wholesalers, retail stores, food services, restaurants, and other institutional buyers. The company is also involved in the provision of consultancy, marketing, and logistics services; commercialization of electric energy; and import, industrialization, and commercialization of products. BRF S.A. operates primarily in Brazil, the Americas, Europe, the Middle East, Africa, Asia, and internationally. The company was formerly known as BRF-Brasil Foods S.A. and changed its name to BRF S.A. in April 2013. BRF S.A. was founded in 1934 and is headquartered in Itajaí, Brazil.

History

The negotiation for the acquisition of Sadia by Perdigão started in 2008, with then-president José Antonio do Prado Fay. The successful merger, officially announced in May 2009, created BRF, which continued under Fay's lead.

In October 2011, BRF made two acquisitions in Argentina, acquiring the companies Avex and Dánica for 150 million dollars.One year later, in Abu Dhabi, BRF acquired 49% of the food distribution company Federal Foods, for 36 million dollars.

In 2012, once the merger process between Perdigão and Sadia was concluded, the company became one of the biggest food companies in the world.

In the following year, to consolidate as a global brand, the company changed its name to BRF S.A. Since then, the company has presented itself to the market as BRF. While keeping up with the changes within the company, The company's logo was redesigned after two years of research among strategic audiences, accomplished with the help of consulting agencies Interbrand and A10.

In April 2013, entrepreneur Abilio Diniz was elected as the new president of BRF's Administrative Council. He boosts the plan for internal changes. After four months, Claudio Galeazzi occupies José Antonio do Prado Fay's position, becoming the company's CEO. Galeazzi repeats with Abilio Diniz a partnership that lasted years, similar to other companies where Diniz was in charge .

In May 2013, Sadia officially announces its support of the Olympic Games and Paralympic Rio 2016 Games. From June 2013 to January 2016, the brand was also a sponsor for Brazil's National Soccer Team. The contract included the main team and all other categories. The numbers of the deal were not published.

In April 2014, another slice of Federal Foods is acquired by close to US$27.8 million; in August of that same year, BRF incorporates Alyasra Food Company, a frozen food distributor from Kuwait, for 160 million dollars. With those acquisitions, the company expands its operations in the Middle East and follows through with its plan to become more international.In September 2014, BRF sold its dairy assets to the French group Lactalis for R$1.8 billion. Among the sold assets are brands such as Batavo, Cotochés, and Elegê. According to BRF, the decision of selling the dairy division was a consequence of the low return the company was getting from it. In that same month, Claudio Galeazzi announced he is leaving the group's presidency and the executive Pedro Faria takes his place, effective January 2015.In 2015, BRF became the first Brazilian company to invest in offering Green Bonds, which are debt securities that come with a guarantee that all resources collected will be invested in environmentally responsible projects. In that year, 50.2% of BRF's income came from the international market .

Following through with the strategic plan of turning the company global, during that same year, in Asia, SATS BRF was created in Singapore; in China, BRF launched a line of snacks with the Sadia brand; in the Middle East, Qatar National Import and Export was partially acquired; in Argentina, they acquired iconic brands such as Vieníssima , Goodmark and Manty and Delícia through the Avex and QuickFood subsidiaries.

Back in Brazil, still in 2015, Perdigão went back to acting in strategic categories after being away from the market for three years, as agreed with the CADE during the Sadia and Perdigão merger.

In 2016, the Sadia Halal subsidiary was created, which manages the assets related to producing, distributing, and selling food to Muslim markets. A deal was made with FFM Berhad as well, ensuring the cooperation between the two companies with FFM Further Processing SDN BHD , a food processing company based out of Malaysia. Also in 2016, BRF sealed an investing deal with COFCO Meat, a Chinese food producer focused on swine, with vertically integrated operations in all chains of that industry segment.

At the beginning of 2017, BRF began the operations of its subsidiary OneFoods, focused on the halal market. Headquartered in Dubai, in the United Arab Emirates, the company came into the market already as the biggest halal animal protein company in the world. It arrives in Turkey, the largest consumer of halal chicken on the planet, to take over the operations of Banvit, the biggest poultry producer and market leader in the country.

In 2021, BRF started to invest in cultured meat research through Aleph Farms, expecting to bring it to market by 2024.

Mission

To nourish the world, responsibly and sustainably, with innovative food solutions

Vision

Reduce our impact on the environment and collaborate to end hunger and malnutrition in the world

Key Team

Mr. Vinicius Guimaraes Barbosa (VP of Operations & Procurement and Member of Exec. Board)

Mr. Leonardo Campo Dall'Orto (VP of Integrated Planning & Logistics and Member of Exec. Board)

Mr. Marcel Sacco (VP of New Bus. & Member of Exec. Board)

Mr. Fabio Duarte Stumpf (VP of Agrobusiness & Quality and Member of Exec. Board)

Mr. Manoel Reinaldo Manzano Martins Jr. (VP of Commercial Brazil & Member of Exec. Board)

Marcos Roberto Badollato (Controller)

Marcus de Freitas Henriques (Sec.)

Recognition and Awards

BRF has earned multiple awards over the years for its commitment to sustainability, corporate governance, corporate social responsibility and other areas.