JBS Foods SA. a subsidiary of JBS S.A., acquired two poultry processing plants and other assets from Céu Azul Alimentos Ltd. in a deal valued at $110.96 mill. The deal is subject to approval by the Brazilian Antitrust Agency (CADE) and other regulatory authorities.
The transaction includes two feed mills and three incubators in Guapiacu and Itapetininga, both in the state of São Paulo. The facilities have a combined processing capacity of 330,000 birds per day.
Céu Azul Group has operated since 1974 in Pereiras, state of São Paulo. The company is a poultry producer marketing chicken under the Céu Azul brand.
Source: JBS Foods SA.