Brazilian meat giant JBS has denied it is interested in buying New Zealand’s largest poultry processor Tegel Foods.
Free Report
What’s the forecast for the food and grocery industry?
- Market drivers and inhibitors
- Five-year forecasts and the impact of COVID-19
- The performance of the online channel versus offline
- Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
You will receive an email shortly. Please check for download the Report.
Go deeper with GlobalData
Related Company Profiles
JBS, which owns businesses in Australia including the local Swift unit and beef firm Rockdale, had been linked to Tegel, which has been rumoured to be up for sale.
However, in a statement to the Brazilian stock exchange, JBS ruled out any interest in Tegel. “JBS is not in talks with the subject company and will not participate in any negotiation to acquire the mentioned asset,” the company said.
Pacific Equity Partners, which acquired Tegel from Heinz in 2005, has mandated banks to study the options for the business.
See Also:
Free Report
What’s the forecast for the food and grocery industry?
- Market drivers and inhibitors
- Five-year forecasts and the impact of COVID-19
- The performance of the online channel versus offline
- Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
You will receive an email shortly. Please check for download the Report.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSign up for our daily news round-up!
Give your business an edge with our leading industry insights.