JBS is in the process of acquiring a pork processing plant in Seberi, in the Brazilian state of Rio Grande do Sul.
In a notice to the market on its webpage, JBS stated that it has reached an agreement with Adelle Industria de Alimentos Ltda., and other guarantor parties, that it would purchase the pork plant as well as its integration system.
The Brazil-based poultry, beef and pork company intends to acquire the facility for a price of BRL235 million (US$60 million), through its Seara subsidiary, according to the notice to the market, issued April 26 and signed by JBS Investor Relations Officer Guilherme Perboyre Cavalcanti.
The conclusion of this transaction is subject to the approval of the Brazilian Antitrust Authority.
JBS’ proposed acquisition of the Seberi pork plant comes about a month after the company announced a major expansion of its Plumrose USA prepared foods business in Ottumwa, Iowa, a move motivated by the need to meet growing foodservice and retail customer demand for high quality bacon products.
JBS grew its pork operations in 2015 through the acquisition of Cargill Pork. Included in that acquisition was the Ottumway facility, as well as another pork processing facility in Beardstown, Illinois; feed mills in Arkansas, Iowa, Missouri and Texas; and hog farms in Arkansas, Oklahoma and Texas.
The Seara line was earlier purchased from another Brazilian company, Marfrig Global Foods.
In addition to being a major processor of pork products on a global scale, JBS is also the world’s largest broiler company, according to the WATTAgNet Top Poultry Companies Database, slaughtering an estimated 3.5 billion head of chickens annually. Tyson Foods, headquartered in the United States, is the world’s second largest poultry company, slaughtering about 2.03 billion chickens annually. Fellow Brazil based company BRF ranks third among global poultry producers.
