May 8, 2020 / 10:40 PM / a month ago

Brazil's BRF purchases Saudi processing factory for roughly $8 mln

RIO DE JANEIRO, May 8 (Reuters) - Brazilian meat producer BRF SA has agreed to purchase the Joody Al Sharqiya Food Production Factory from Hungry Bunny Ltd and other firms in Saudi Arabia in a deal worth roughly $8 million, it said in a Friday statement.

The plant has a current production capacity of 3,600 tonnes per year. BRF plans to expand it to 18,000 tonnes, the company said.

Reporting by Gram Slattery; Editing by Sandra Maler

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