Brazilian meat giant JBS is to add to its domestic business with the acquisition of local poultry processor Big Frango Group.
JBS said it would pay around BRL430m (US$167.2m) for a company it described as “one of the largest groups in the poultry sector in the southern region of Brazil”.
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Big Frango generates annual sales of over BRL1bn, JBS said, with a processing capacity of 460,000 birds per day in two processing facilities and a license to export to “the major global markets”.
JBS said: “In this context, this acquisition represents an important step to strengthen JBS Foods’ position in the Brazilian and international consumer market of poultry and poultry products.”
The deal was announced alongside a larger move from JBS in Australia, where it has agreed to pay A$1.45bn (US$1.26bn) for local meats group Primo Smallgoods.
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