Brazil’s JBS meats to pay $1.5 bn for Marfrig’s Moy Park

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The world's largest meat packer, Brazil's JBS, has agreed to buy Moy Park, the UK unit of Marfrig Global Foods, for $1.5 billion

The world’s largest meat packer, Brazil’s JBS, has agreed to buy Moy Park, the UK unit of Marfrig Global Foods, for $1.5 billion, the companies said. The purchase will solidify JBS’s strategic plans to expand into European markets. Moy Park, which originated in Northern Ireland, produces and processes poultry in Britain, Ireland, the Netherlands and France.

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