JBS acquiring Bunge’s margarine assets in Brazil

Company says acquisition strengthens Seara's position in Brazilian margarine segment.

Krissa Welshans, Livestock Editor

December 20, 2019

1 Min Read
JBS acquiring Bunge’s margarine assets in Brazil

JBS S.A. announced Dec. 20 that its controlled entity Seara Foods has entered into an agreement to purchase margarine assets from Bunge Foods S.A. in Brazil for approximately $170 million (700 million reals).

The transaction includes three strategically located production facilities in Gaspar, São Paulo and Suape, Brazil. As per the agreement, several brands will be acquired, including Delícia, Primor and Gradina -- the latter focused on the foodservice segment.

“This acquisition strengthens Seara's position in the Brazilian margarine segment, optimizing its distribution platform, and is aligned with the company's strategy to expand its portfolio of value-added and branded products,” the company said.

The closing of the transaction is subject to the approval of the Brazilian Administrative Council for Economic Defense--CADE, among other usual conditions for this type of transaction.

About the Author(s)

Krissa Welshans

Livestock Editor

Krissa Welshans grew up on a crop farm and cow-calf operation in Marlette, Michigan. Welshans earned a bachelor’s degree in animal science from Michigan State University and master’s degree in public policy from New England College. She and her husband Brock run a show cattle operation in Henrietta, Texas, where they reside with their son, Wynn.

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