JBS, one of the world’s largest food producers, said on Friday that it entered into an agreement to acquire “certain assets” from TriOak Foods, a hog producer and grain trader based in the U.S. Midwest, according to notice released to the market.
“By acquiring TriOak Foods, JBS USA secures access to a consistent supply of premium pork, primarily from production facilities in Ottumwa, Iowa and Beardstown, Illinois, strengthening its ability to provide high-quality pork products to North American consumers. Americans,” the company said.
The value of the acquisition was not disclosed.
JBS stated that it already had a “long and strong relationship” with TriOAk, a family company founded in 1951.
JBS USA has been, for the past five years, the exclusive buyer of TriOak pork.
Source: CNN Brasil
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