Lefosse Advogados, Allende & Brea and Perez Alati, Grondona, Benites & Arntsen advised on the deal
Marfrig Global Foods (B3: MRFG3 and Level 1 ADR: MRTTY), one of the world’s leading producers in the beef industry, executed the the acquisition – for USD 54,9 million – of 91.89% of the capital stock of QUICKFOOD in Argentina. Leader in the beef by-products market and owner of prominent brands in Argentina, Quickfood was under the control of BRF for the last seven years.
Quickfood has three plants in Argentina, in the cities of San Jorge, Baradero and Arroyo Seco. Together, these units have a daily processing capacity of 620 head of cattle and, in a month, process more than 6,000 tons of products such as beef patties, wieners, cold cuts and frozen vegetables. Among the company’s brands are Paty, synonymous with beef patties in Argentina, Good Mark and Barfy, other beef patties brands, Vienissima!, the leading brand of wieners, and Green Life, the frozen vegetables brand. In 2017, QUICKFOOD’s net sales amounted to USD352 million. The company has been listed on the Buenos Aires Stock Exchange (PATY) since 2002.
On the same occasion, Marfrig also announced a partnership with BRF, worth R$100 million, by which it will take over the production of beef patties, meatballs and kibbeh at the plant in VÁRZEA GRANDE, Mato Grosso– and the transfer of equipment and infrastructure. The unit has annual production capacity of 69,000 tons of beef patties.
The partnership guarantees Marfrig an agreement for supplying these products to BRF for five year. Apart from the partnership with BRF, the agreement allows Marfrig to once again supply products, such as beef patties, to global foodservice companies in Brazil and to adjust the estimated investment to a new beef patties plant in the country.
Lefosse Advogados advised Marfrig Global Foods S.A. with Carlos Mello (Picture), Ricardo Prado, Andréa Caliento, José Carlos Berardo, Jana Araújo, Sara Abdu, Bruna Andreoli and Letícia Angel.
In Argentina, Allende & Brea advised Marfrig Global Foods S.A. with Carlos María Melhem, Marcos Patrón Costas, Nicolás O. Procopio, Julián Peña, Federico Rossi, Paula V. Cerizola, Federico Alem and Camila Peters.
Perez Alati, Grondona, Benites & Arntsen advised BRF S.A. with a team including María Gabriela Grigioni, P. Eugenio Aramburu, Luis D. Barry, Luis Marcelo Nuñez, Facundo Fernandez Santos, Alicia Codagnone, María Carolina Abdelnabe Vila, Natalia Sofia Güttner and Pablo Vidal Raffo.
Involved fees earner: Federico Alem – Allende & Brea Abogados; Paula Cerizola – Allende & Brea Abogados; Carlos Melhem – Allende & Brea Abogados; Marcos Patrón Costas – Allende & Brea Abogados; Julián Peña – Allende & Brea Abogados; Camila Peters – Allende & Brea Abogados; Nicolás Procopio – Allende & Brea Abogados; Federico Rossi Rodríguez – Allende & Brea Abogados; Sara Abdu – Lefosse; Bruna Andreoli – Lefosse; Letícia Angel – Lefosse; Jana Araujo – Lefosse; Carlos Barbosa Mello – Lefosse; José Carlos Berardo – Lefosse; Andréa Caliento – Lefosse; Ricardo Prado – Lefosse; María Carolina Abdelnabe Vila – Pérez Alati, Grondona, Benites & Arntsen; Eugenio Aramburu – Pérez Alati, Grondona, Benites & Arntsen; Luis Barry – Pérez Alati, Grondona, Benites & Arntsen; Alicia Codagnone – Pérez Alati, Grondona, Benites & Arntsen; Facundo Fernández Santos – Pérez Alati, Grondona, Benites & Arntsen; María Gabriela Grigioni – Pérez Alati, Grondona, Benites & Arntsen; Natalia Sofía Güttner – Pérez Alati, Grondona, Benites & Arntsen; Luis Marcelo Nuñez – Pérez Alati, Grondona, Benites & Arntsen; Pablo Vidal Raffo – Pérez Alati, Grondona, Benites & Arntsen;