JBS interested in acquisitions opportunities

Brazil's JBS continues to consider opportunities for acquisitions and organic growth in the markets where it operates, company executives said in a conference call with analysts late last week.

“This has been our strategy. We are evaluating acquisition opportunities at all times, whether in the United States or outside the U.S.,” said JBS Global Chief Executive Officer (CEO) Gilberto Tomazoni.

He said JBS looks for companies aligned with its strategy, able to generate synergies and which could add value to JBS. The company is mainly focused on increasing its value-added and branded products in its portfolio.

The CEO of JBS USA, André Nogueira, said that JBS has the advantage of evaluating acquisition opportunities globally.

“We are looking at (potential opportunities) in the U.S., Canada, Mexico, Europe, Australia... It is a global vision and we will decide based on the value that we will add to the company. I don't see any other company that has this ability to look and decide where the acquisition is better, where there is more synergy, or whether acquisitions or organic growth makes sense,” he said.

JBS has been investing in new business segments in addition to beef, pork, chicken and lamb proteins.

The company announced recently its entry into the salmon production business through the purchase of Australia's second-largest salmon producer Huon Aquaculture, with plans to grow in this segment.

In March, the company had announced the purchase of the European plant-based protein processor Vivera.

Par Flavia Rochas (16/08/2021)

Source : meatingplace.com

Photo : Site Internet JBS