JBS expands chicken production
The Brazilian meat giant reached an agreement to lease and operate assets of Frangosul, controlled by Groupe Doux in France, JBS said in a statement. JBS will not take on any debt in the transaction.
The deal will push JBS' chicken production to nearly 9 million birds daily, JBS said.
"The assets will permit JBS to have a relevant operation in the chicken sector in Brazil, allowing technology and knowledge transfer between its various production units," the company said in a statement.
JBS will create a new unit, JBS Chicken Brazil, and will name James Cleary as chief executive officer.
More breaking news...
Front Range Internet tripling size of its data center
Solera National Bancorp is the holding company for Solera National Bank, which has a mortgage origination
Firestone approves capital improvement plan
The company, founded in 1995 by Bill Ward and his son, Brad, has added an additional 3,000 square
The plan outlines projects proposed for completion by 2020, including several in
Drilling casts shadow on home mortgages
Fort Collins names new deputy city manager
Groundbreaking, demolition at Foothills
Robot helping simulate Mars mapping