JBS confirms purchase of confinement and fridge of XL Foods

JBS, the largest processor of animal protein in the world, announced today that it will exercise the option to purchase the assets of the company XL Foods in Canada, hired in October of last year. In a statement filed at the Securities and Exchange Commission (CVM), the JBS reported that the deal will be finalised on January 14.
In this first moment, JBS will buy two cold storage in Canada, which add up to a capacity of 5 000 head per day. Additionally, the company also assumes a containment unit with static capacity to 70 thousand heads, as well as a 2.6 hectare country estate built by confinement.
By the terms of the agreement announced in October, JBS could also acquire the assets of XL Foods in the United States. The operation, however, depends on the permission of US authorities. Together, the assets of XL Foods in Canada and the USA would be acquired for $ 100 million. JBS did not reveal the purchase price separated from Canadian assets.