April 26, 2019 / 9:47 PM / 3 months ago

Brazil's JBS buys pork processor Adelle for $60 million

FILE PHOTO: Employees are seen at the Brazilian meatpacker JBS SA in the city of Lapa, Parana state, Brazil, March 21, 2017. REUTERS/Ueslei Marcelino

SAO PAULO (Reuters) - Brazil’s JBS SA, the world’s largest meatpacker, said on Friday it closed a deal to buy local pork processor Adelle Indústria de Alimentos Ltda for 235 million reais ($59.8 million).

In a statement, JBS said the deal still had to be approved by local regulators. Adelle is located in Rio Grande do Sul state.

The acquisition would boost its capacity to produce items such as sausages and bacon, JBS said.

Reporting by Marcelo Teixeira, Editing by Rosalba O'Brien

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