JBS Aussie expansion makes business sense

摘要

Brazil's JBS has continued its remarkable global expansion, recently becoming the biggest beef processor in the world and strengthening its stranglehold on Australia. The company bought Australia's fourth-largest meat processor Tasman Group in March for $160 million, its second major acquisition since entering the local market last year. The Tasman acquisition coincided with JBS leaping to become the biggest beef packaging company in the United States after buying the fourth and fifth biggest players, adding to the third-largest player it had previously bought. The rapid US and Australian expansion has focused attention on the Brazilian company and the increasing concentration of ownership of the meat processing industry.