Brazil's JBS to buy pork processor Adelle for $60 million, sell chicken in IndiaChristian Fernsby ▼ | April 27, 2019
Brazil’s JBS said it closed a deal to buy local pork processor Adelle Indústria de Alimentos Ltda for 235 million reais ($59.8 million).
LatAm JBS said the deal still had to be approved by local regulators
The acquisition would boost its capacity to produce items such as sausages and bacon, JBS said.
JBS SA said its Seara processed foods unit will start selling chicken products to India, as the group explores new markets in a year when poultry is poised to become the most demanded meat protein in the world.
In a statement sent to Reuters on Thursday, JBS said Seara became the first company in Brazil authorized by India to sell chicken products in the Asian nation.
India’s per capita chicken consumption is forecast to increase to 2.23kg in 2019, up from 2.18kg in the previous year, as personal incomes rise, according data from the United Nations’ Food and Agriculture Organization.
JBS’s first shipment of chicken thighs and leg quarters to India is scheduled for the next few weeks, the company said, declining to disclose the volumes involved for strategic reasons.
The first consignment will arrive at the port of Jawaharlal Nehru, and the distribution to be made by an unnamed local firm, the statement added. ■