JBS announced last Monday, the 30th, the conclusion of the purchase of Bunge’s margarine and mayonnaise additives in Brazil. The deal was made through Seara, which is controlled by the company, considered one of the largest food industries in the world.
The purchase also includes three Bunge production units, including the one located in Gaspar. The units of São Paulo capital, and Suape, in Pernambuco were also acquired.
The acquisition was already awaited, since Bunge had agreed in December 2019 to sell its additives to Seara. At the time, JBS said it would pay R $ 700 million in the negotiation. The expectation in the market is that the operation adds R $ 1.2 billion to Seara’s annual revenue.
In their official announcement, the CEO of Seara and JBS South America, Wesley Batista Filho, stated that “The acquisition strengthens Seara’s position in the margarine market in Brazil and will bring innovation and more quality options to consumers”.
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