Deal Snapshot
Marfrig and ADM Launch PlantPlus Foods Joint Venture
Friday 29 May 2020

Brazil-based beef producer Marfrig (B3: MRFG3) (OTC: MRRTY) and US-based food processing and commodities trading corporation ADM (NYSE: ADM) have inked an agreement to create PlantPlus Foods, a joint venture for the sale of plant-based food products across South American and North American markets, the companies said.

Marfrig, a beef producer and the world's largest beef patty producer, and ADM, a global nutrition company, already have a history working together to develop and produce sustainable, plant-based foods in South America. Now, PlantPlus Foods will expand on that successful relationship.

Date Published: 29/05/2020