Reuters reported that JBS S.A. is in search of more acquisitions to help it stay ahead of a number of acquisitions by rival Marfrig, according to Valor Económico. As a result, JBS may work to restart talks with Smithfield Foods Inc. to further expand into pork.
JBS, which bought a Smithfield subsidiary, Smithfield BeefGroup, in 2008, is trying to stay head of Brazilian beef competitor Marfrig, which has expanded globally thanks to as many as 38 acquisitions in three years.
The market value of Smithfield is currently $2.5 billion.
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