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Marfrig Group, a producer of beef and beef by-products in Latin America, has acquired the Pemmican beef jerky brand and related production equipment from ConAgra Foods through its subsidiary Mirab USA for $25 million in cash. Marfrig and ConAgra Foods have also entered into a sales and distribution agreement for the five years up to July 20, 2013 under which, ConAgra Foods will sell and distribute the Pemmican brand beef jerky for Marfrig within its existing consumer products division.

Marfrig will also co-pack "Slim Jim" beef jerky for ...

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