untitled design

PlantPlus Foods, from Marfrig, closes a deal to buy Sol Cuisine and DEW

A Marfrig announced this Friday (12) that its joint venture PlantPlus Foods company I wake ups definitive for acquire to Sol Cuisine e a Drink Eat Well (DEW), I knewgives like Hilary’s, with value consoligivesof the US$ 140 million, of which the Marfrig will capitalize about $100 million, as announced.

the amount gives Marfrig it refers to its participation in the joint venture, 70%, through its own cash.

“Acquisitions gives Sol Cuisine e gives Hilary’s, when I finishedgivess, will increase the product portfolio and capacity.givesfrom for improve operations gives PlantPlus Foods in North America,” the statement said.

A Sol Cuisine is a producer in the vegetable protein segment, with an established omni-channel distribution platform.gives not Canada, USA e Mexico.

Hilary’s, on the other hand, produces plant and vegetable-based foods, free of allergens, without the use of wheat, gluten, soy, dairy products, eggs, corn or nuts, focused on nutritious meals. Its product portfolio comprises herbal hamburgers and sausages, which are distributed in the North American market.

Transactions are subject to customary market conditions, he added.

A PlantPlus Foods is a joint venture entre Marfrig e a trading Archer-Givesniels-Midland, lançagives last year.

Reference: CNN Brasil

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular