JBS becomes Australias biggest lamb producer

JBS becomes Australias biggest lamb producer

JBS S.A., Sao Paulo, announced its subsidiary, Swift Australia, agreed with Vion food Group to acquire Tatiara Meat Company (TMC).

TMC is a high quality lamb processing business, servicing quality high end markets in the United States, Canada and Europe. It has a strong brand and quality product reputation both in the international and Australian domestic market. The Company is headquartered in the premium lamb growing area of Bordertown South Australia. TMC has annual revenues of approximately AUD200 million (or $183 million) and JBS agreed to pay AUD30 million (or $27.5 million) for the company.

With this acquisition, Swift Australia becomes the largest lamb processor in Australia, with a total slaughtering capacity of 24.500 heads per day.

The sale is subject to approval by the Australian Competition and Consumer Commission.
Source: JBS S.A.


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