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Taylor Farms chief executive Bruce Taylor said the company would take additional steps to make its food “even safer”.
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The Nasdaq-listed group plans to invest in the core business and bringing net leverage, below 1.5 times adjusted EBITDA.
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The US poultry processor has set up a “special committee” to assess the JBS proposal.
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The Spanish group said the transaction helps fend of foreign competition entering the local poultry market.
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“It’s been a real challenge from every direction” in grappling with higher costs, founder Heathcote tells Just Food.
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The regulator wants the conditional approval of the merger withdrawn because of plans to close a fruit canning plant.
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The Falbygdens Ost facility is primarily involved in importing, storing, processing and packaging speciality and dessert cheeses.
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The Italian baked goods company said the deal creates a “European bakery hub” with more than €500m ($559m) in consolidated revenue.
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