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Brazil JBS becomes largest chicken producer; purchases main tannery in Uruguay

Thursday, June 13, 2013   (0 Comments)
Posted by: Janice Kim
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MercoPress- South Atlantic News Agency

Brazil’s JBS SA, the world’s largest beef producer, agreed to buy assets from Marfrig Alimentos SA in Brazil and Uruguay, which will make it the world’s largest chicken producer. JBS will take on 5.85 billion Reais (2.74bn dollars) in debt for the Seara poultry and pork unit in Brazil and the Zenda tannery unit in Uruguay, the Sao Paulo-based company said in a regulatory filing today.

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