JBS may look globally for more processing, distribution

by Bryan Salvage
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SÃO PAULO, BRAZIL — JBS S.A. may look for acquisitions in Europe and Asia to assist the company in processing and distributing as part of a cost-cutting measure in selling its products worldwide, Bloomberg relays.

Jerry O’Callaghan, investor relations director, said in a recent interview at the company’s São Paulo headquarters such acquisitions would be part of the company’s five-year expansion plan and would boost profit margins. Setting a global network is the company’s main goal for the next few years, he added.

JBS, which has made approximately 30 acquisitions since 1993 and now controls more than 10% of the world’s beef market, plans to sell 60% of its products through its own network.

 

 

 

 

 

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