US ham and bacon processor Plumrose is set to become an arm of major Brazilian meatpacker JBS.
JBS, whose holdings include one of Canada’s biggest beef packing plants at Brooks, Alta., announced on Monday that it has an agreement in place to buy Plumrose from Danish co-operative Danish Crown for $230 million.
The deal would give JBS four processing plants — a deli meats facility at Booneville, Mississippi, a bacon plant at Elkhart, Indiana, a pork ribs plant at Swanton, Vermont and a bacon and deli meat plant at Council Bluffs, Iowa — and distribution centres in Indiana and Mississippi.
The share purchase deal, which already has approval from the boards of both Danish Crown and JBS, is still subject to approval from US antitrust regulators, the company said.
JBS said the deal “strengthens its customer base and geographical distribution” in the US.
Full Content: AG Canada
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI