JBS expands poultry capacity with Marfrig deal

By Carina Perkins

- Last updated on GMT

Related tags: Meat, English-language films, Beef, Jbs

Brazilian meat giant JBS is to acquire Marfrig’s Seara pig and poultry business for 5.85 billion reais (US$2.75bn) in assumed debt.

The deal, which also includes Marfrig’s Zenda leather unit in Uruguay, will see JBS become the second-largest processed meat business in Brazil. It will also overtake Tyson to become the world’s largest poultry producer.

The sale of Seara will help Marfrig reduce its substantial debt levels and restructure its operations to focus on its beef and foodservice businesses.

The acquisition will be subject to approval by the competent authorities, including Brazil’s anti-trust agency.

Related topics: Industry & Markets

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