Brazilian company JBS, one of the world’s largest meat producers, has agreed to purchase all shares issued by the Dutch company Vivera, the third largest producer of food products in Europe, for € 341 million ($ 408 million). According to a statement issued on Monday.
Vivera markets products under its own name, as well as other private companies, in more than 25 countries, including the Netherlands, the United Kingdom, and Germany.
The deal includes Vivera’s production plants and its R&D center, located in the Netherlands.
According to JBS, the acquisition of the company will strengthen the food production platform and infrastructure and will include new technical knowledge and greater capacity for innovation.
Likewise, the operation will increase JBS’s unified branded product portfolio in the old continent with consumers’ preference, and is in line with JBS to have value-added products.
The closing of the process, which has been unanimously approved by the JBS Board of Directors, is subject to the usual terms in this type of transaction, such as approval by the antitrust authorities.