Brazil's BRF and HPDC Acquire Stake in Saudi Poultry Firm Addoha

Brazilian food giant BRF, in partnership with the Halal Products Development Company (HPDC), has announced an agreement to acquire a 26% stake in Saudi poultry producer Addoha. The transaction, valued at $84.2 million, is a significant step for BRF in strengthening its presence in the Middle East, according to a recent BRF securities filing.

Investment Details

BRF, one of the largest meat producers worldwide, has been aiming to expand its reach in the Middle East, where demand for quality halal meat products continues to grow. The deal includes an investment of $57.6 million directly into Addoha, enhancing its production capacity and operational efficiency.

Strategic Significance

This acquisition underscores BRF's commitment to being a key partner in Saudi Arabia's food security strategy. BRF Arabia Chairman Igor Marti expressed that BRF’s expertise in poultry production will be instrumental in supporting Addoha’s growth across quality, innovation, and sustainability.

"With this investment, the company takes an important step in consolidating its portfolio and operations in the Middle East," BRF said in its statement. "This transaction solidifies BRF as a primary partner in Saudi Arabia’s food security agenda."

This partnership marks an important milestone for BRF, aligning with its broader goals to meet the increasing demands of the halal market while supporting food security initiatives in the region.

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