Brazil Meat Baron Seeks to Fix BRF Before Possible Marfrig Merger
- BRF-Marfrig tie-up would create one of world’s top food firms
- ‘First, we need to do the basics to improve BRF,’ Molina says
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Brazilian meat mogul Marcos Molina dos Santos isn’t quite ready to take the final step of merging the operations of his two giant protein companies, BRF SA and Marfrig Global Foods SA. But he’s now at least talking about a topic he has been avoiding.
Back in 2019, as beef supplier Marfrig’s founder and chairman, he couldn’t get a merger deal done with poultry specialist BRF, despite the promise of 1 billion reais ($200 million) in synergies.