JBS complete Tasman Group purchase

6 May 2008

JBS SA have completed the acquisition of the Tasman Group, Australia. The $150 million deal makes Sao Paulo-based JBS responsible for 15,000 employees and owner of 15 production units in Australia.

The acquisition comes ‘at a time when Australian beef exporters have been doing exceptionally well, increasing their sales to the EU and other markets', JBS said in a statement. Australia was the world's second largest beef exporter behind Brazil in 2007.

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