JBS said deal would boost business at home and in export markets

JBS said deal would boost business at home and in export markets

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".

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.