The transaction includes 13 facilities in Argentina, Brazil and Chile.

The companies first announced the deal in August 2023.

Attacks in the Red Sea and drought in the Panama Canal are causing delays.

Marfrig said it does not plan on changing the current shareholding composition or administrative structure.

The meat company does not plan to change the current shareholder control.

The deal included 11 beef processing facilities 

Cargill, JBS and Marfrig were among the companies to sign on to the World Economic Forum pledge.