JBS to Buy Rockdale Beef
AUSTRALIA - Brazilian beef and meat processing giant JBS S.A. is to acquire Rockdale beef in Australia.
22 March 2010
1 minute read
In a statement to shareholders and the market, JBS said that it has reached an agreement with the shareholders of the Rockdale Beef Partnership with regard to a potential acquisition of the Rockdale Beef business through its wholly owned subsidiary, Swift Australia.
Rockdale Beef operates an integrated meatworks, feedlot, feed mill, and farming business, which is situated on approximately 2,000 hectares of farming land in the Riverina region of New South Wales, Australia.
Rockdale Beef has a meatworks capacity of approximately 200,000 cattle per annum combined with a feedlot capacity of over 50,000 cattle.
Any transaction would be subject to regulatory approvals, including by the Australian Competition and Consumer Commission, as well as the approval of the boards of directors of JBS and the selling shareholders. Rothschild is the Company’s advisor in this transaction.
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