BRF divests stake in SATS

September 11, 2019

BRF has divested its 49% stake in SATS BRF Food in Singapore, for USD 12.3 million. The jvc is now called Country Foods. Alex Hungate, President and CEO of SATS, said: “By taking 100% ownership, we can accelerate end-to-end traceability of raw materials for our customers, and deploy data analytics to achieve greater efficiency and quality, while reducing food waste.” Country Foods has signed an exclusive distribution and licensing agreement with BRF Global to distribute products and the right to license brands owned by BRF in Singapore.