date:May 07, 2012
Brazilian meat giant JBS has entered its domestic poultry sector through a deal to lease the local plants of French firm Groupe Doux.
JBS, the world's second-largest poultry processor, said today (4 May) the contract would boost its poultry production capacity by 15%.
The deal comes after speculation in France that Doux had agreed to sell its operations in Brazil to JBS.
The Brazilian firm did not disclose the financial details of the deal but said it would not take on any debt. It plans t