Sign in or Register
Español Français Deutsch Italiano Português 汉语

Marfrig will run National Beef Leathers

Brazilian packer firm Marfrig is preparing for a return to the tanning industry. It has confirmed to World Leather that its move to acquire a controlling stake in National Beef will mean taking control of the US company’s entire balance sheet, including National Beef Leathers and the wet blue tannery it operates in St Joseph, Missouri.

“This means taking control of all parts of the company,” Marfrig said, “and we have no intention of selling off any part of it.”

It confirmed that, at present, it is making no leather from the hides its abattoirs generate. Therefore, taking over National Beef Leathers when the deal is approved will mean a return to the leather industry for Marfrig after a five-year absence.

In 2009, Marfrig acquired a 51% stake in automotive tanning group Zenda. It sold its equity in Zenda to rival group JBS in 2013.

Image: National Beef Leathers




Schill & Seilacher D

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English. The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.

Copyright © leatherbiz.com and World Leather Limited 2013. All rights reserved.