SAO PAULO, Nov 30 (Reuters) - Brazilian meals processor JBS SA JBSS3.SA stated on Monday it conclud
SAO PAULO, Nov 30 (Reuters) – Brazilian meals processor JBS SA JBSS3.SA stated on Monday it concluded the acquisition of the margarine and mayonnaise companies from Bunge’s BG.N, native unit, based on a securities submitting.
The deal included buy of three manufacturing amenities beforehand owned by Bunge which are situated within the states of Santa Catarina, São Paulo and Pernambuco. Commodities dealer and meals processor Bunge agreed to promote its margarine and mayonnaise belongings in Brazil to JBS’s subsidiary Seara Alimentos in December of final 12 months.
JBS stated on the time Seara would pay Bunge 700 million reais ($131.24 million) for the belongings.
The acquisition gave JBS rights over manufacturers together with Delícia, Primor and Gradina, strengthening the corporate’s place within the margarine market in Brazil in addition to its distribution capabilities, based on the submitting.
JBS stated the deal is consistent with the a method to broaden its product portfolio of higher added-value merchandise and model manufacturers.
($1 = 5.3339 reais)
(Reporting by Ana Mano; Modifying by Marguerita Choy)
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