Brazil: JBS acquires Marba

JBS, the Brazilian meat firm, has acquired beef and pork products maker Marba, via its subsidiary Seara Alimentos, for an undisclosed sum, according to a report in InfoMoney.

The company said the acquisition was “in line with our strategy of increasing the number of added-value brands and brands in our portfolio”.

Founded in 1961, Marba produces a broad range of traditional Brazilian meat products, including mortadela, linguica, salami and bacon and turns over around R$350 million ($86 million) per year. It is especially well known in Sao Paulo for its line of mortadela products.

According to company information, Marba operates two production facilities – one in Sao Bernardo do Campo, and one in Taquaritinga.

The deal will be completed subject to regulatory approval and customary closing conditions, JBS added.

Source: Info Money / Marba