JBS to lease two poultry plants in Brazil
JBS SA is leasing two Brazilian poultry plants from France's Group Doux to increase its chicken-processing capacity by 15 percent. The terms of the deal were not disclosed, though JBS stated that it will not be assuming any debt, reports Bloomberg News.
In February, JBS leased four slaughterhouses in Brazil from Guapore Carnes. Last month it acquired two beef plants in northern Brazil for an undisclosed amount and said it was offering to buy some assets or a controlling stake in Cajamar, Brazil-based Independencia SA for 268 million reais.
JBS is creating a business unit to run its poultry operations in Brazil, and it has named James Cleary as the division's CEO.