News 1912 views

JBS set for Pilgrims Pride takeover

JBS is close to a deal to buy bankrupt poultry producer Pilgrim's Pride for more than $2 billion, recent reports have stated. JBS denied it was committed to any deal and Pilgrim's Pride has not commented.

JBS is already the third-largest beef producer, after Tyson and Cargill, and the third-largest pork producer, after Smithfield and Tyson. This deal would make it the second-largest chicken producer, after Tyson, with about 18% of the market.

"Meat is not interchangeable. Beef is a market, pork is a market, chicken is a market," said Andre Barlow, an antitrust lawyer with Doyle Barlow and Mazard who believed the deal would win approval by US antitrust regulators.

Editor PigProgress

Or register to be able to comment.