JBS bidding for plant-based food producer Vivera farmprogress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmprogress.com Daily Mail and Mail on Sunday newspapers.
mindscanner/Thinkstock
Bloomberg | Apr 19, 2021
By Ruth David and Agnieszka de Sousa
JBS SA, the owner of poultry brand Pilgrim’s Pride Corp., is emerging as the frontrunner to buy Dutch plant-based food producer Vivera, people with knowledge of the matter said.
Update: JBS has entered into an agreement to purchase Vivera, Europe s third-largest plant-based food produced, for an enterprise value of €341 million ($410 million U.S.).
The Brazilian company is in advanced talks on a potential acquisition of Vivera, which is backed by mid-market private equity firm Gilde Buy Out Partners, according to the people. A deal could value Vivera at about 300 million euros ($360 million) to 400 million euros, the people said, asking not to be identified because the information is private.
JBS to acquire plant-based food producer Vivera farmprogress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmprogress.com Daily Mail and Mail on Sunday newspapers.