JBS SA buys Brazilian poultry processor for $63 million
Brazil's JBS SA, the world's largest beef producer, said on Monday it signed a deal to buy local poultry processor Agroveneto for 128 million reais ($63 million) just months after its first move into the Brazilian poultry sector.
JBS said in a statement that it would acquire Agroveneto, which specializes in ground poultry meat and is based in the southern state of Santa Catarina, by taking on its debts plus giving the owners 10 million reais worth of JBS shares, reports Reuters