Sadia Plans Investment After Failed Bid For Perdigão

February 2007 | Company News Alert

Sadia, one of Brazil's largest meat exporters, and the country's largest pork and poultry processor, attempted to buy its main competitor, Perdigão, in July 2006. The plan was to buy 100% of Perdigão's shares, for R$3.7bn, or US$1.76bn. The deal would have created no less than Brazil's fourth-biggest exporter and, moreover, the world's fourth-largest meat processor, behind Tyson Foods, Smithfield Foods, and Pilgrim's Pride Corp, all from the US. The combined firms were to form a colossus, with 81,000 employees, using 16,000 rural producers, 38 distribution centres and 26 food-processing plants. Sadia/Perdigão would have slaughtered 1.2bn chickens a year, 31.9mn

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