Marfrig and ADM unveil joint venture PlantPlus Foods
Clients Marfrig Global Foods S.A.
Jones Day is representing Brazilian Marfrig Global Foods SA, one of the world's leading beef producers and the world's largest beef patty producer, in connection with an agreement to create PlantPlus Foods, a joint venture with U.S.-based Archer-Daniels-Midland Company, a leading global nutrition company, for the sale of plant-based food products across the South American and North American markets.
Marfrig will initially own 70% of PlantPlus Foods, with ADM owning 30%. The joint venture company will be headquartered in Chicago.