JBS and Tyson will work together after poultry deal - leatherbiz: Lead Leatherbiz

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JBS and Tyson will work together after poultry deal

01/06/2015
Mexico’s competition commission has cleared the proposed acquisition of Tyson de México, a poultry business run there by US packer and tanning group Tyson. Tyson will sell the company to rival packer group JBS.

JBS subsidiary Pilgrim’s Pride will take over the running of the company upon completion of the deal. It was first proposed in July 2014; both parties have said they expect completion to be soon. JBS has said its offer values Tyson de México at $400 million.

Tyson president and chief executive, Donnie Smith, said in a statement: “We’ve not set a closing date but believe it will be soon.”

He went on to explain that Tyson will continue to serve customers in Mexico after the deal in part through a co-packaging arrangement with Pilgrim’s Pride.


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JBS eyes technology sector with latest acquisition target 21/08/2015
JBS establishes compliance department to focus on ethics 24/07/2015
JBS closes meat processor due to lack of cattle 15/06/2015

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