SÃO PAULO, Brazil – JBS SA is increasing its poultry processing capacity by leasing plants in Brazil from Groupe Doux, according to a report from Bloomberg.
JBS, which is second only to Tyson Foods Inc. in poultry production, is leasing the plants with the goal of increasing its chicken processing capacity by 15 percent and diversifying from beef, according to Bloomberg.
JBS said it won’t assume any debt belonging to Group Doux. Group Doux, which is based in Chateaulin, France. appears to be nearing a pull-out from Brazil. The company already has shuttered two poultry processing plants in the Brazilian state of Rio Grande do Sul.