JBS Foods acquires two poultry plants

21-07-2014 | | |
JBS Foods to acquire two poultry plants
JBS Foods to acquire two poultry plants

JBS Foods SA. a subsidiary of JBS S.A., acquired two poultry processing plants and other assets from Céu Azul Alimentos in a deal valued at R$246 million ($110.96 million).

The deal is subject to approval by the Brazilian Antitrust Agency (CADE) and other regulatory authorities.

The transaction includes two feed mills and three incubators in Guapiacu and Itapetininga, both in the state of São Paulo. The facilities have a combined processing capacity of 330,000 birds per day.

“This acquisition represents an important step under JBS Foods’ strategy to increase its presence in the principal international markets, in addition to strengthening its position in Brazil’s largest consumer center,” the company said in a statement.

Céu Azul Group has operated since 1974 in Pereiras, state of São Paulo. The company is a poultry producer marketing chicken under the Céu Azul brand.