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Brazil: Food processors merge following CADE’s clearance

 |  September 12, 2013

US-based food processing firm JBS received clearance from Brazil’s antitrust regulators to acquire competitor Seara Brasil, the conglomerate announced Thursday. The merger will expand JBS’s operations to produce 5,000 tons of processed foods every day throughout the world.

CADE, the nation’s competition watchdog, cleared the deal, which will require JBS to wait 15 days to finalize the transaction, according to a press release.

The merger will heighten capacity for the company that focuses on poultry, pork and processed goods.

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