BRF - Material Fact
SAO PAULO, Oct. 27, 2011 /PRNewswire/ -- The management of BRF – Brasil Foods S.A. ("BRF" or the "Company" – Bovespa: BRFS3; NYSE: BRFS) hereby publicly announces, within the terms of the Instructions by Brazil's Securities and Exchange Commission (CVM), its estimates for the process of synergies to be obtained from the merger of BRF and Sadia. The synergies before tax and participations is foreseen at around R$ 560 million for 2011, R$ 740 million for 2012 and R$ 1.0 billion for 2013, which will be achieved with additional gradual investments amounting to approximately R$ 700 million.
The foreseen synergies are in line with the mapping the Company has already undertaken. However, achieving these synergies depends on the successful implementation of the processes in the areas of supply (grains and other raw materials), manufacturing, agribusiness and logistics, as well as the investments which will be carried out to obtain the gains.
As the Company has outlined and approved its Long-Term Strategic Plan – BRF 15 - which foresees organic growth and selective acquisitions on the international market, the Company estimates that it will obtain revenues of around R$ 50 billion in 2015 when the Strategic Plan will be operational.
These expectations are greatly dependent on changes in the market and the general economic performance of Brazil, the sector and the international markets and are, therefore, subject to changes.
Leopoldo Viriato Saboya
Vice-President of Finance,
Administration and Investor Relations
Ana Carolina Bastos
SOURCE BRF - Brasil Foods S.A.
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.