JBS buys Uruguayan tannery as part of poultry deal

11/06/2013

Brazil’s JBS, the world’s largest beef producer, has agreed to buy assets from Marfrig Alimentos, which will see it take over the Zenda tannery unit in Uruguay and which will make it the world’s largest chicken meat producer. It will take on $2.74 billion dollars in debt for the Seara poultry and pork unit in Brazil and the Uruguayan tannery....