Brazil's JBS makes new acquisition in US Agra Europe -
Thursday July 01 2010
Brazilian meat giant JBS continues to expand in the US, yesterday agreeing to buy Arizona-based cattle business McElhaney for US$24 million.
The McElhaney feedlot has the capacity to confine more than 130 000 head of cattle at any one time. The facility is strategically located near JBS's Tolleson plant, also in Arizona. The deal includes cattle confining facilities and a feed plant. agra-net.com