GFM Network News

JBS expands poultry push with Marfrig deal

Brazil’s JBS SA will acquire Marfrig Alimentos SA’s local poultry and pork unit for US$2.75 billion in assumed debt, further extending its reach beyond its core beef business in a deal that throws a lifeline to its financially strapped rival. The takeover of Marfrig’s Seara-branded Brazilian processed foods business should vault JBS, already the world’s […] Read more