SÃO PAULO, BRAZIL — JBS S.A.’s wholly owned subsidiary, Swift Australia, reached an agreement with Vion food Group to acquire Tatiara Meat Company.
T.M.C. is a high-quality lamb processing business, servicing high-end markets in the U.S., Canada and Europe. It has a strong brand and quality product reputation both in the international and Australian domestic market.
Once the acquisition is completed, Swift Australia will become the largest lamb processor in Australia, with a total slaughtering capacity of 24,500 head per day.
Based in the premium lamb-growing area of Bordertown, South Australia, T.M.C. has annual revenues of approximately $183 million and JBS agreed to pay $27.5 million for the company, which is subject to a due diligence conclusion.