JBS S.A. announced Tuesday the acquisition of Australian lamb processor Tatiara Meat Company. The $27.5 million purchase of Tatiara makes JBS's Swift Australia unit the largest lamb processor in Australia, with a total slaughtering capacity of 24,500 head per day.
Tatiara processes and sells lambs to high-end markets in the United States, Canada and Europe, as well as its domestic market. The company does about $183 million in annual sales.
The sale is subject to approval by the Australian Competition and Consumer Commission.
Reprinted from meatingplace.com