JBS has launched the acquisition of fifty% of Mantiqueira Brazil, the most important egg producer in South America and the tenth largest globally.
This deal marks the Brazilian huge’s entry into the market of the ‘missing protein’ in its portfolio, which includes beef, pork, poultry, aquaculture, and numerous proteins akin to plant-based and cultivated selections.
The transaction stays to be subject to approval by the Brazilian Administrative Council for Monetary Safety. With this funding, JBS and Leandro Pinto, Mantiqueira’s founder, will share administration of Mantiqueira.
Although financial particulars of the deal weren’t disclosed, the company’s enterprise value, which considers its debt and cash, was estimated at €310 million. JBS will keep a 48.5% equity stake, whereas administration will most likely be equally shared between the occasions.
Mantiqueira Brasil
With an annual revenue of spherical €360 million, Mantiqueira Brasil operates in 6 Brazilian states, employs 3,000 people, and houses 17.5 million chickens. The company produces 4 billion eggs yearly, with an put in functionality to accommodate as a lot as 22 million chickens.
Mantiqueira might be recognized for its strong producers, akin to Comfy Eggs, which focuses on free-range egg manufacturing, and Fazenda da Toca, a benchmark in pure egg manufacturing.
Over present years, the company has intently invested in growing its portfolio and creating bigger value-added merchandise.
Strategic diversification
In a press launch, JBS emphasised that the acquisition strengthens its strategy of geographic and protein-type diversification and represents the compnay’s entry into the egg sector.
Gilberto Tomazoni, JBS World CEO, highlighted that the egg sector presents a strategic different due to the common improvement of world consumption: “Eggs are an accessible, versatile, and healthful provide of protein, with the potential to perform every an ingredient and a remaining product. This funding aligns with our long-term approach to diversify our portfolio and put cash into value-added producers,” Tomazoni said.
Sustaining the board
Following the settlement, Mantiqueira’s administration crew stays unchanged. Márcio Utsch will proceed in his place. He is the CEO of the company and a minority shareholder with a 3% stake. The board of directors, led by Leandro Pinto, will most likely be structured collectively.
Egg manufacturing and consumption up
Egg manufacturing in Brazil reached 57.6 billion fashions in 2024, representing a 9.8% improve as compared with 2023. Per capita consumption grew to 269 fashions, an increase of 11.2%. Exports, nonetheless, are forecast to say no to 18,400 tonnes, a drop of 27.3% as compared with the 25,404 tonnes exported throughout the earlier yr.
For 2025, the Brazilian Affiliation of Animal Protein (ABPA) duties manufacturing of 59 billion fashions (+2.4%) and per capita consumption of 272 fashions (+1.1%). Within the meantime, exports are anticipated to develop by 16.7%, reaching a whole of 21,000 tonnes.
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