Brazilian meat company JBS has expanded its operations by acquiring value-added meat producer Marba for an undisclosed sum.
Founded in 1961, São Paulo-based Marba produces a range of meats, including cold cuts, sausages, Italian-style ham and more.
The purchase has been conducted through JBS’s Seara Alimentos unit, and is subject to the approval of the Brazilian Administrative Council for Economic Defense, as well as standard regulatory approvals.
A statement from the company said: “This acquisition is in line with the Company’s strategy to increase the share of higher value-added and branded products in its portfolio.
“With annual revenues of around BR $350 million, Marba is one of the most traditional brands of cold cuts and sausages, and a reference in the bologna segment in the state of São Paulo.”
JBS has made a concerted effort to expand its operations in the recent past. This has been highlighted by recent acquisitions such as the one undertaken by JBS-controlled Pilgrim’s Pride in August, which agreed a £290 million deal to acquire UK pork producer Tulip Limited from Danish Crown.
JBS has also made a number of significant production investments over the year, including a $95 million expansion of its Grand Island, Nebraska, beef production facility, and a $20 million investment to expand its Plumrose USA prepared foods business in Ottumwa, Iowa.
© FoodBev Media Ltd 2019