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    Home > Food News > Food Articles > Brazilian meat company JBS signed a salmon manufacturer acquisition agreement

    Brazilian meat company JBS signed a salmon manufacturer acquisition agreement

    • Last Update: 2021-08-13
    • Source: Internet
    • Author: User
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    Brazil World Wide Web reported on August 6 that Brazil’s JBS Company announced on Friday that it has reached an agreement to acquire Huo, Australia’s second largest salmon producer.
    nAquaculture entered into the aquaculture field with an agreement on 100% shares of nAquaculture
    .
     
    JBS statement shows that the market value of the acquisition agreement is 315 million U.
    S.
    dollars, or about 1.
    6 billion reais
    .
    The value of the acquired company (including debt) is approximately US$403 million (2.
    1 billion reais)
    .
    It is expected that the agreement will be fully completed by the end of 2021 after it has been approved by all shareholders and the Australian authorities
    .
    This acquisition marks the entry of JBS business into the fish and aquatic products business field
    .
    According to JBS, the company is currently the world's second largest food company and the largest protein product company
    .
    Gilberto Tomazoni, Global CEO of JBS, said: "This strategic move marks JBS's entry into the aquaculture industry, which will not only make our product portfolio more comprehensive, but also aquaculture is expected to become a new growth direction for our business
    .
    "
     
    Huon has a total of 13 production bases and 3 processing plants for the production of fish steaks, smoked salmon, roe and other products
    .

    Australian salmonaquaculture
     
    JBS statement shows that the market value of the acquisition agreement is 315 million U.
    S.
    dollars, or about 1.
    6 billion reais
    .
    The value of the acquired company (including debt) is approximately US$403 million (2.
    1 billion reais)
    .
    It is expected that the agreement will be fully completed by the end of 2021 after it has been approved by all shareholders and the Australian authorities
    .
    This acquisition marks the entry of JBS business into the fish and aquatic products business field
    .
    According to JBS, the company is currently the world's second largest food company and the largest protein product company
    .
    Gilberto Tomazoni, Global CEO of JBS, said: "This strategic move marks JBS's entry into the aquaculture industry, which will not only make our product portfolio more comprehensive, but also aquaculture is expected to become a new growth direction for our business
    .
    "
     
    Huon has a total of 13 production bases and 3 processing plants for the production of fish steaks, smoked salmon, roe and other products
    .

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