The version of the Form 20-F translated into Portuguese will be filed shortly with the CVM and made available on the Company’s website.
BRF S.A. (“BRF” or “Company”) (B3: BRFS3; NYSE: BRFS) announces to its shareholders and the general market that it filed, on March 26, 2021, its Annual Report on Form 20-F for the year ended December 31, 2020 with the U.S. Securities and Exchange Commission (“SEC”) and with the Brazilian Securities Commission (“CVM”), in English. BRF Filed its Annual Report on Form 20-F for 2020
In compliance with the New York Stock Exchange rules, the Form 20-F is available on our website at https://ri.brf.com/en/. In addition, all shareholders of BRF may request, free of charge, a hard copy of BRF’s complete audited financial statements filed with the SEC. To request a hard copy of BRF’s audited financial statements or to confirm or clarify this press release, please contact BRF’s Investor Relations Department, whose contact information is as follows
BRF S.A. is a Brazilian company. BRF is one of the biggest food companies in the world, with over 30 brands in its portfolio, among them Sadia, Perdigão, Qualy, Paty, Dánica and Bocatti. Its products are sold in over 150 countries, in all five continents. More than 100 thousand employees work at the company, which owns more than 50 factories in eight countries: Argentina, Brazil, United Arab Emirates, Netherlands, Malaysia, United Kingdom, Thailand and Turkey.
In 2016, the company sold over 4 million tons of food and made more than 600 thousand monthly deliveries. Over 13 thousand integrated producers work daily on the field to supply fundamental ingredients of the food produced by the company: poultry and domestic pig.
BRF is the result of the merger between Sadia and Perdigão, two of the main food companies in Brazil. The operation was announced in 2009 and concluded on July 13, 2013 after being approved by the Economical Defense Administrative Council – Conselho Administrativo de Defesa Econômica (CADE). As the process was concluded, both Sadia and Perdigão stopped functioning as independent companies and became subsumed as brands under BRF’s portfolio.
The negotiation for the acquisition of Sadia by Perdigão started in 2008, with then-president José Antonio do Prado Fay.[1] The successful merger, officially announced in May 2009, created BRF, which continued under Fay’s lead.
In October 2011, BRF made two acquisitions in Argentina, acquiring the companies Avex (a poultry company) and Dánica (a leading company in the production of margarine) for 150 million dollars.[2][3]
One year later, in Abu Dhabi, BRF acquires 49% of the food distribution company Federal Foods, for 36 million dollars.
Still in 2012, once the merger process between Perdigão and Sadia was concluded, the company which was then called BRF Brasil Foods became one of the biggest food companies in the world.
In the following year, with the goal of consolidating as a global brand, the company changed its name to BRF S.A. Since then, the company has presented itself to the market as BRF. The company logo also kept up with the changes and was redesigned after two years of research among strategic audiences, that being accomplished with the help of consulting agencies Interbrand and A10.
In April 2013, the entrepreneur Abilio Diniz is elected the new president of BRF’s[4] Administrative Council and boosts the plan for internal changes. After four months, Claudio Galeazzi occupies José Antonio do Prado Fay’s position, becoming the company’s CEO. Galeazzi repeats with Abilio Diniz a partnership that lasted years, similar to other companies where Diniz was in charge (like Grupo Pão de Açúcar, for instance).
In May 2013, Sadia announces that is an official supporter of the Olympic Games and Paralympic Rio 2016 Games. From June 2013 to January 2016, the brand was also a sponsor for Brazil’s National Soccer Team. The contract included the main team and all other categories. The numbers of the deal were not published.
In April 2014, another slice of Federal Foods is acquired by close to 27.8 million Dollars;[5] in August of that same year, BRF incorporates Alyasra Food Company, a frozen food distributor from Kuwait, for 160 million dollars. With those acquisitions, the company expands its operations in the Middle East and follows through with its plan to become more and more international.[6]
In September 2014, BRF sells its dairy assets to the French group Lactalis for 1.8 billion reais. Among the sold assets are brands such as Batavo, Cotochés and Elegê. According to BRF, the decision of selling the dairy division was a consequence of the low return the company was getting from it.[7] In that same month, Claudio Galeazzi announces he is leaving the group’s presidency and the executive Pedro Faria takes his place, effective January 2015.[8]
In 2015, BRF became the first Brazilian company to invest in offering Green Bonds, which are debt securities that come with a guarantee that all resources collected will be invested in environmentally responsible projects.[9] In that year, 50.2% of BRF’s income came from the international market (export).
Following through with the strategic plan of turning the company global, during that same year, in Asia, SATS BRF was created in Singapore; in China, BRF launches a line of snacks with the Sadia brand; in Middle East, partially acquires Qatar National Import and Export (QNIE); in Argentina, acquired iconic brands such as Vieníssima (sausages), Goodmark (hamburgers), Manty and Delícia (margarine) through the Avex and QuickFood subsidiaries.
This news was shared to Prittle Prattle News via press release.
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