SAO PAULO, June 5, 2012 /PRNewswire/ -- Marfrig Alimentos
S.A. ("Marfrig" - Bovespa: MRFG3; Level 1 ADR: MRTTY) and
BRF - Brasil Foods S.A. ("BRF" - Bovespa: BRFS3; NYSE: BRFS)
announce to the market and their shareholders the start of the
execution of the Asset Swap Agreement and Other Covenants
("Agreement") entered into between the Companies on March 20, 2012 and the opinion issued by
Brazil's antirust authority
(Conselho Administrativo de Defesa Economica) on
May 23, 2012, with the
transfer from BRF to Marfrig of the industrial units located in
Duque de Caxias (RJ) and Lajes (SC) and of the Distribution Centers
located in Salvador (BA), Campinas
(SP), Brasilia (DF) and Sao Jose
dos Pinhais (PR). Approximately 3,800 employees were integrated and
the processes and production information systems were connected to
the management system of Seara Foods.
At the Extraordinary Shareholders' Meeting held on May 31, 2012, the shareholders of Quickfood S.A.
approved, by unanimous vote, the segregation of certain meatpacking
assets that were not included in the swap transaction, making
Quickfood S.A. free to be transferred to BRF. Additionally, on
June 1, 2012, Quickfood began to be
managed by BRF, with the complete segregation of the information
systems.
The Companies will maintain the market informed of each new
stage accomplished in the transaction.
SOURCE BRF - Brasil Foods S.A.