JBS S.A. pays $2.6B for acquisitions

JBS S.A. said it closed a $2.63 billion deal to buy businesses owned by Marfrig Group, the Brazilian meatpacker said Tuesday.

JBS (Bovespa: JBSS3) bought Marfrig businesses Seara in Brazil and Zenda Leather in Uruguay.

The purchase of Seara increases JBS’ ability to produce poultry, pork and processed foods, JBS said last month.

JBS subsidiary JBS USA, headquartered in Greeley, operates a beef processing plant in Greeley and holds a controlling interest in Pilgrim’s Pride Corp. (Nasdaq: PPC).

JBS shares fell 1.5 percent to $7.63 reais Tuesday.

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