Brazil: Poultry plans bought for $100M

Two poultry processing plants have reportedly been acquired by JBS subsidiary JBS Foods in Brazil, a deal worth about $111 million.

The deal includes two feeding mills, three incubators and other assets, according to reports, as JBS looks to strengthen its position in Brazil’s food industry.

JBS will purchase the plans from Ceu Azul Group. The deal remains subject to regulatory approval from CADE, Brazil’s antitrust authority.

Full content: World Poultry

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