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BRFS - BRF SA Shifting Gears As It Contemplates A Merger With Marfrig
BRF S.A.
As I’ve written extensively in the past, BRF SA (BRFS) management has a lot on its plate trying to turn around this large Brazil-based poultry and processed food company. After years of ill-advised (or at least unfocused) M&A and scattershot business plans carried out by prior management teams, BRF found itself saddled with debt and an inefficient operating structure, leading to the entry of Pedro Parente and a completely new management team.
While there had been some signs of progress with the turnaround plan, and the outbreak of African Swine Fever in China