Brazilian meat giant JBS has struck a deal to buy local pasta manufacturer Massa Leve.

The JBS board has approved an agreement to pay BRL260m for the firm in a mix of cash and shares. Some BRL200m of the price will be paid for in shares.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Massa Leve was founded in 1992 and is located in the municipality of Rio Grande da Serra in the state of Sao Paulo. JBS said Massa Leve is the “leading fresh pasta producer and the third largest in ready meals and sandwiches in Brazil”.

The company said it would look to “capture synergies” when integrating the business with its non-meat arm.

The deal is subject to the approval of Brazil’s competition watchdog, CADE.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now