June 15/Middle East and North Africa Financial Network -- Brazilian meat packer Marfrig Foods has reached an agreement to buy major U.S. distributor Keystone Foods for $1.26 billion, AP reported.
Keystone, which says it pioneered the development of the boneless chicken nugget, serves more than 28,000 restaurants in 13 countries and last year had revenue of $6.4 billion from its food and distribution business.