Brazilian food processor BRF SA has reached an agreement to acquire Brazilian pet food company Hercosul for an undisclosed amount.
BRF said the acquisition is part of its plan to diversify its revenue stream and become one of the main players in the pet food segment by 2025. If concluded, the deal with Hercosul would boost BRF’s market share to 4% in this segment from 0.2%.
In an interview with Reuters, Luz said the company is considering a price rise since corn prices have roughly doubled over the last 12 months and probably will not return to 2020 levels.
Source: Reuters
The latest articles
Analysis: The state of the pet hospitality sector
From investments to mergers and acquisitions, the field is generating interest within the industry.
VAFO acquires remaining stake in German pet food maker Allco Tiernahrung
The Czech group announced the acquired company will become Vafo.de by the end of 2024.
Pet food startup TABPS Pets’ market ambitions
The Indian firm is looking to expand its Ayurvedic pet products after a capital injection.
Weekly newsletter to stay up-to-date
Discover what’s happening in the pet industry. Get the must-read stories and insights in your inbox.