JBS announces purchase of Australian pork company Rivalea for US$ 135 million – 06/08/2021 – Market

JBS announced this Tuesday (8) an agreement to buy the Australian pork processor Rivalea, from the Singapore-listed company QAF, in a deal valued at a total of US$ 135 million (R$ 681.6 million)

In a statement to the market, JBS said that Rivalea is a leader in the creation and processing of pork in Australia, responsible for 26% of the pork processed in the local market, and that with the operation it will diversify its products in the country.

“With the acquisition of Rivalea, JBS takes the lead in pork processing in Australia. We have added important brands to our portfolio and created better conditions to accelerate the growth of the value-added business and brand in the country, in addition to strengthening our platform for exports”, said in a statement the global CEO of JBS, Gilberto Tomazoni.

The transaction will involve the purchase by JBS of 100% of Rivalea Holdings Pty and 100% of Oxdale Dairy Enterprise from QAF.

Rivalea has annual sales of approximately US$ 310 million (R$ 1.5 billion) and cash generation measured by Ebitda ​ (earnings before interest, taxes, depreciation and amortization) of 37 million Australian dollars (R$ 145 million ), informed JBS in the statement.

The Australian company has two manufacturing units and more than a thousand employees.

The acquisition is subject to regulatory approvals, including by a consumer and competition body in Australia, JBS added.

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