Company Acquires Bunge Margarine Assets

JBS informs the market that its subsidiary Seara Alimentos has entered into an agreement to acquire Bunge's margarine assets in Brazil, for the amount of R$ 700 million. The operation provides, among others, to manufacture contract on demand, and license and use of brands. The announcement took place last Friday (03). The transaction includes three production units located in Gaspar (SC), São Paulo (SP) and Suape (PE). By the agreement, several brands will be acquired, including Delícia, Primor and Gradina - destined to the food service segment. The consummation of the transaction is still subject to approval by the competent authorities.