Quantcast

Latest Marfrig Group Stories

2011-08-15 07:20:00

SAO PAULO, Aug. 15, 2011 /PRNewswire/ -- Marfrig Alimentos S.A. (BOVESPA: MRFG3 and ADR (Level 1): MRRTY), a global food company, today reports earnings for the second quarter ended June 30, 2011. Marfrig's export revenues at its Beef Brazil and Seara divisions scored market share gains during the second quarter despite the challenging global backdrop of higher raw material prices (mostly grains and cattle) and a 2.1% appreciation in the average Brazilian real/U.S. dollar exchange rate...

2010-11-16 18:55:00

SAO PAULO, Nov. 16, 2010 /PRNewswire-FirstCall/ -- Marfrig ended the third quarter with net revenue of R$3.9 billion, the highest in its history and 60% more than the R$2.4 billion recorded in the same period last year. In comparison with the prior quarter, net revenue grew by 8.3%. Driven once again by strong sales in Brazil, Marfrig recorded gross revenue of R$4.2 billion in the third quarter, 63.9% more than in the same period last year and 10.3% (or R$400 million) higher than in the...

2008-09-03 18:00:25

Fitch Ratings assigns Marfrig Frigorificos e Comercio de Alimentos LTDA (Marfrig, or the company) Foreign and Local Currency Issuer Default Ratings (IDR) of 'B+'. Fitch has also assigned a 'B+/RR4' rating to the US$375 million senior unsecured bonds due 2016 issued by Marfrig Overseas Limited (a special-purpose vehicle wholly owned by Marfrig in the Cayman Islands), unconditionally guaranteed by Marfrig. Additionally, Fitch assigned Marfrig a National Scale rating at 'BBB+(bra)'. The Rating...

2008-07-24 09:00:52

Marfrig Group, a producer of beef and beef by-products in Latin America, has acquired the Pemmican beef jerky brand and related production equipment from ConAgra Foods through its subsidiary Mirab USA for $25 million in cash. Marfrig and ConAgra Foods have also entered into a sales and distribution agreement for the five years up to July 20, 2013 under which, ConAgra Foods will sell and distribute the Pemmican brand beef jerky for Marfrig within its existing consumer products division....

2008-07-23 09:00:50

SAO PAULO, Brazil, July 23 /PRNewswire-FirstCall/ -- Marfrig Group (Bovespa: MRFG3), one of the largest producers of beef and beef by-products in Latin America, announced today that it has acquired the Pemmican beef jerky brand and related production equipment from ConAgra Foods, Inc. through its subsidiary Mirab USA Inc. for USD 25 million in cash. Marfrig and ConAgra Foods have also entered into a sales and distribution agreement for the 5 years up to 20th July 2013 under which ConAgra...


Word of the Day
jument
  • A beast of burden; also, a beast in general.
'Jument' ultimately comes from the Latin 'jugum,' yoke.
Related