JBS Aves has agreed to buy poultry farms and a pork processing plant in Rio Grande do Sul from Brasil Foods.

The agreement involves both land and animal assets, according to a Reuters report.


An agreement of sale has been signed, and once the conditions are verified, JBS will pay $200 million for the assets over the course of 50 months, with the first due six months after the signing of the documents. The agreement is subject to the approval of the Brazilian anti-trust authorities.