Tatiara acquisition sees Brazil’s JBS become Australia’s largest lamb processor
Brazil’s JBS S.A. has, through its wholly owned subsidiary Swift Australia, reached an agreement with Vion food Group to acquire Tatiara Meat Company (TMC).”TMC is a high quality lamb processing business, servicing quality high end markets in the United States, Canada and Europe. It has a strong brand and quality product reputation both in the international and Australian domestic market,” JBS noted in a statement.
JBS agreed to pay $30 million for Bordertown-based Tatiara – which currently reaps around $200 million in revenue each year.
As a result of the deal, Swift Australia will become the largest lamb processor in Australia – although the deal remains subject to approval by the Australian Competition and Consumer Commission.