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Montevideo, August 18th 2022 - 23:29 UTC

Tag: Primo Smallgoods Group

  • Friday, March 13th 2015 - 13:24 UTC

    Brazil's meats giant JBS plans no further acquisitions; about 80% of debts in dollars

    “Last year we made the decision to be 100 percent hedged. We paid a heavy price at the beginning of the year ... but we had the right strategy,” Batista said.

    Brazilian meats giant JBS SA plans to focus on Australia, U.S. pork operations and its processed foods division under a 2015 strategy focused on “organic expansion” rather than acquisitions, CEO Wesley Batista said on Thursday, and estimated that between 2.5 billion to 3 billion reais (806 million/967 million dollars) in capital investment will be needed this year to support the strategy.

  • Monday, November 24th 2014 - 07:14 UTC

    Brazil's JBS purchases leading ham and bacon supplier in Australia

    The deal represents an “outstanding opportunity to expand our business in Australia”, a major meat exporting country, said JBS CEO Batista

    Brazil's JBS, the world's biggest meat group, beefed up its growth in Australia with the 1.25bn dollars purchase of Primo Smallgoods Group. JBS said that through its JBS Australia business, it had paid Aus$1.45bn in cash for the supplier of the likes of ham and bacon to Oceania.