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Ranchers.net

JBS SA, the world's largest beef producer, said it may buy companies in Brazil next year after expanding in the United States through a series of acquisitions.

JBS has concluded its expansion plans in the U.S. and plans to focus on integrating the units this year, CEO Joesley Batista said yesterday in Sao Paulo.

Sao Paulo-based JBS bought Swift & Co. for $225 million (U.S.) in May to become the world's top beef producer and paid $1.27 billion this year to buy Smithfield Food Inc.'s beef unit, Tasman Group in Australia and control of closely held National Beef Packing Co. in the U.S. A European Union ban on Brazilian beef may drive down profits of domestic producers and make acquisitions cheaper, Batista said.

"It may be that we see a reduction of margins in Brazil," he said. "We'll have many acquisition opportunities in Brazil."
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