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JBS Spreads Its WingsCluck, moo, oink, ka-ching |
UNLESS you work with quadrupeds, it may have escaped your notice that a Brazilian company, JBS, is about to become the world’s largest processor of meat. Its recent acquisition of Pilgrim’s Pride, a big chicken processor in America and Mexico, and a pending merger with Bertin, another Brazilian firm, will soon give it bigger sales than Tyson Foods, the American firm that currently claims the top spot. Other Brazilian names—Vale in mining, Embraer in aviation, Petrobras in oil—may be more famous. But JBS is now the second-largest private-sector company in Brazil by sales, after Vale. And a large majority of its sales come from outside the country.
