Wednesday, May 20, 2009

Brazil food companies Perdigao and Sadia announce they will merge to form Brasil Foods

(Dow Jones)- The merger of Perdigão S/A (PDA) and Sadia S/A (SDA)is likely to boost the exports and help tap new markets such as China, industryanalysts said Tuesday.

The long-awaited action makes the new merged company, Brasil Foods, one of thelargest food companies in the world, with combined revenues estimated at BRL22billion ($10.7 billion)).