Navigate this market better. Subscribe for FREE stock alerts and information.

Friday, December 12, 2014

Brazilian food company BRF to expand internationally, (NYSE: BRFS)

Brazil's BRF SA, the world's largest poultry exporter, is looking to further its international expansion with partnerships or potential acquisitions, an executive said on Friday. The company, which is also a processed foods maker, opened its first Middle East production facility in Abu Dhabi last month and is now eyeing attractive Asian markets."The company is in a fantastic cash position," CFO Augusto Ribeiro told journalists. "Mergers and acquisitions are key for us."Ribeiro mentioned India, Malaysia and Indonesia as particularly interesting markets.

BRF SA is a Brazil-based company engaged in the food processing industry. Shares of BRFS fell by 2.04% or $-0.46/share to $22.08. In the past year, the shares have traded as low as $16.48 and as high as $27.31. On average, 1537080 shares of BRFS exchange hands on a given day and today's volume is recorded at 201199.