SÃO PAULO — Brazilian meatpacker BRF S.A., confirmed in a recent investor relations note that it plans to acquire a processing plant from Henan Best Foods, a subsidiary of OSI Group, located in Henan Province, China.

According to information from the BRF, the transition was expected to be valued at $43 million.

The facility in China features two food processing lines and was built in 2013. According to BRF, it can expand to two additional lines. 

With a planned expansion after the deal is finished, BRF explained that the plant would need a $36 million investment to reach 60,000 tons of processed food per year. The company also projected that it would add 850 jobs when the expansion is completed.

Completion of the deal is subject to regulatory approvals and corporate restructuring of the facility's assets.

At the beginning of 2024, Marfrig Global Foods S.A. became the majority shareholder of BRF.