JBS becomes an Australian lamb market leader
February 23, 2010
by Bryan Salvage
SAO PAULO, BRAZIL – JBS SA said on Feb. 22 it would become a leader in the Australian lamb market upon approval of its purchase of Tatiara Meat Company (T.M.C.) by the Australian Competition and Consumer Commission.
The closing will result in the immediate incorporation of this new asset, putting JBS into a market- leading position in the Australian lamb sector, the company said.
JBS paid $27 million to acquire the company. With annual revenue of just under $200 million, T.M.C. will further enhance JBS Australian presence, specifically in the high-quality lamb export market where Australia has been gaining share in recent years.