BRF was created from the consolidation of Perdigão and Sadia, which was announced in 2009 and concluded in 2012.
Perdigão and Sadia were family businesses that grew and expanded, and became major players in the food market in Brazil and then abroad, with products sold to more than 117 countries.
With the combination, approved by the Brazilian antitrust authority (CADE) on July 13, 2011, BRF was subject to compliance with a Performance Commitment Instrument (TCD) concerning the sale of various assets.
The TCD also established the sale of the Rezende, Wilson, Texas, Tekitos, Patitas, Escolha Saudável, Light Elegant, Fiesta, Freski, Confiança, Doriana, and Delicata brands. Furthermore, BRF committed to temporarily suspend the Perdigão and Batavo brands in some product categories.
In December 2011, these assets were negotiated with Marfrig, and the company executed an asset exchange agreement in March 2012. In exchange, BRF received 100% of the equity interest held in Quickfood S.A., headquartered in Argentina, corresponding to 90.05% of the share capital, and an additional payment of R$350 million.
The migration of units to Marfrig followed CADE resolutions and was concluded in 2012.
2013 was a year marked by several organizational changes at the Company. A new Board of Directors was elected, boards were restructured, and a matrix structure was adopted.
Moreover, the structuring of BRF-17, the new strategic plan, was a benchmark for outlining the company’s direction. Furthermore, an agreement for the transfer of Minerva S.A.’s beef operation was announced, in exchange for the equity interest in this company. This agreement was approved by CADE in 2014. In the same year, BRF executed a binding memorandum of understanding with Lactalis, a company controlled by the Parmalat S.A. group, which, in turn, is an Italian publicly held company that belongs to Groupe Lactalis S.A. (“Groupe Lactalis”), for the sale of our dairy division. This transaction was concluded in 2015 for US$697.8 million.
In 2016, BRF approved the creation of the subsidiary One Foods Holding Ltd. (“OneFoods”), whose corporate purpose is the production, distribution, and sale of halal products. This restructuring process completed the transfer of several assets related to the production and distribution of halal products. OneFoods, headquartered in Dubai, United Arab Emirates, started operations in January 2017.
BRF S.A. is one of the world’s major producers of fresh and frozen protein foods, with a portfolio of more than 7,300 SKUs. We are committed to operating our business and delivering products to our global customer base based on our core values: quality, safety, and integrity. Our processed products include frozen and marinated chicken, Chester® turkey and chicken, special beef, frozen processed beef, frozen ready meals, and portioned and sliced products. We also sell margarine, butter, cream cheese, specialty pastries, sandwiches, vegan products, and animal feed. We own the Sadia, Perdigão, Qualy, Perdix, Confidence, Banvit, and Hilal brands. In the year ended December 31, 2020, BRF accounted for 10.1% of the world poultry market, according to the United States Department of Agriculture (USDA).
Our portfolio strategy is based on creating convenient, ready, and healthy products for consumers, based on their preferences. We aim to achieve such a goal using a strong innovation process that generates high value-added products, distinguishes us from our competitors, and strengthens our brands.
We operate 35 plants in Brazil and have a sophisticated logistics system in our domestic market with 22 distribution centers, all of which supplying supermarkets, retailers, wholesalers, restaurants, and other customers. Such a logistics system allows our products to reach Brazilian consumers through more than 547,000 average monthly deliveries.
We have industrial units in the Arab Emirates, Turkey, and Saudi Arabia, supplying customers in more than 117 countries. We operate 28 distribution centers located in Asia, the Southern Cone, and the Middle East. As of December 31, 2020, among our main assets, we have a distribution network that allows our products to reach consumers in the Halal market through more than 250,000 monthly deliveries and 19 distribution centers.
