JBS completes purchase of Australia’s Rivalea Holdings

JBS completed its acquisition of Rivalea Holdings, an Australian pork company.

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(Oscar Nilson | freeimages.com)
(Oscar Nilson | freeimages.com)

JBS has completed the acquisition of Australian pork producer, Rivalea Holdings.

The Brazil-based company announced the completion of the transaction in a notice to the market on the JBS Investor Relations webpage. The notice is dated January 4 and is signed by JBS Investor Relations Officer Guilherme Perboyre Cavalcanti.

“With this acquisition JBS strengthens its position in Australia, becoming the leader in pork processing in the country, adding important brands to the portfolio, in addition to strengthening the company's export platform,” the notice read.

Details of the transaction were not disclosed.

JBS in June 2021 announced its intent to acquire Rivalea Holdings, a market leader in hog breeding and processing in Australia, accounting for about 26% of the hogs processed in Australia.

At the time that announcement was made, Brent Eastwood, CEO of JBS Australia, said: “With total annual sales of circa AU$400 million, an EBITDA of AU$37 million, two facilities and more than a thousand employees, Rivalea already has sustainability as the focus of its business strategy. The company sells well-known Australian consumer brands such as Riverview Farms, Family Chef and St. Bernard's that will strengthen our presence with consumers and customers.” 

At the time JBS announced its plans to acquire Rivalea Holdings, it also stated that it planned to also acquire Oxdale Dairy Enterprise. Both Rivalea and Oxdale were owned by QAF Limited, a Singapore-based food company. However, the January 4 notice to the market made no mention of Oxdale.

JBS has been actively acquiring other companies in the protein industry. In 2021, it also announced either its intent to purchase, or the completion of the purchase of Italian meat company King’s Group, California’s Sunnyvalley Smoked Meats, Dutch plant-based protein company Vivera, and Spanish cultivated meat company BioTech Foods. It also offered to purchase the remaining shares of Pilgrim’s Pride, the second largest broiler producer in the United States. Pilgrim’s Pride also has operations in Mexico and in Europe.

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