July 15, 2014
JBS Foods acquirespoultry processing plants and feedmillsof Céu Azul
JBS Foods has signed a binding agreement to acquire the assets of Céu Azul Alimentos Ltda., and its related companies and individuals ("Céu Azul Group") in São Paulo.
The assets include two poultry processing plants, including two feed mills and three incubators, located in Guapiaçu and Itapetininga, both in the state of São Paulo, with a combined processing capacity of 330,000 birds per day, and licenses to access the industry's global importing markets.
This acquisition represents an important step under JBS Foods' strategy to increase its presence in the key international markets, on top of strengthening its position in Brazil's largest consumer hub.
The total amount to be paid to the Céu Azul Group will be about US$111 million and the agreement is subject to the approval of the competent authorities, including the Brazilian Antitrust Agency.