According to media reports, JBS - Brazil’s meat giant -announced the takeover of Rockdale Beef. After weeks of speculation, the world's largest beef processor has confirmed it will take on the integrated beef cattle feedlot, feed mill, meatworks and farming business for an undisclosed price.
Rockdale, a subsidiary of Mitsubishi Corp and Itoham Foods Inc of Japan, has a slaughtering capacity of 200,000 cattle per year and exports to 12 countries.
The Rockdale deal is the most recent one of numerous JBS acquisitions.
2009, JBS bought poultry producer Pilgrim's Pride Corp of Pittsburg, Texas in the US, Brazilian beef business Bertin SA and Australian lamb producer and processor Tatiara Meat Co.
Source: Fleischwirtschaft Internatiional