JBS to acquire Rockdale Beef
- March 22, 2010
- source: just-food
Brazilian meat giant JBS has entered into an agreement to acquire Rockdale Beef through its subsidiary Swift Australia.
When contacted the company declined to reveal the financial details of the deal. However, a spokesperson said that the acquisition would boost JBS’s beef capacity to supply operations in Australia and the Asia-Pacific region.
Based in Riverina, New South Wales, Rockdale operates an integrated meatworks, feedlot, feed mill and farming business.
The company has a capacity of approximately 200,000 cattle per annum combined with a feedlot capacity of over 50,000 cattle.
Any transaction remains subject to regulatory approvals, including approval from the Australian Competition and Consumer Commission, the boards of directors of JBS and the selling shareholders.
just-food is the world’s leading portal for the global pre-packaged food and retail industries. Its daily mix of breaking news, views, analysis and research serves over 100,000 food executives each month. http://www.just-food.com/