JBS Enters Brazilian Egg Market with Acquisition of Mantiqueira Valued at $316 Million
JBS has announced its acquisition of a 48.5% stake in Mantiqueira, Brazil's largest egg producer, marking its debut in Brazil's egg industry.
Mantiqueira, which generates approximately BRL $2 billion in annual revenue according to The Agribiz, operates with a flock of 17.5 million laying hens. As part of the agreement, the company's founder will retain operational control alongside CEO Marcio Utsch.
Mantiqueira is expected to benefit from JBS's extensive distribution networks, including Seara and Friboi, which will broaden its market access across Brazil...
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