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JBS Concludes Deal to Buy Bunge's Brazil Assets

Deal includes margarine and mayonnaise assets

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Brazilian food processor JBS SA said on Monday it concluded the acquisition of the margarine and mayonnaise businesses from Bunge’s local unit, according to a securities filing, reports Reuters.

The deal included purchase of three manufacturing facilities previously owned by Bunge that are located in the states of Santa Catarina, São Paulo and Pernambuco.

Commodities trader and food processor Bunge agreed to sell its margarine and mayonnaise assets in Brazil to JBS’s subsidiary Seara Alimentos in December of last year.

JBS said at the time Seara would pay Bunge $131.24 million for the assets.

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