The largest meat and food processor in the country has officially acquired Corowa's Rivalea pork producer, as part of a $175 million deal.
Subscribe now for unlimited access.
$0/
(min cost $0)
or signup to continue reading
JBS Australia has today announced it now completely owns Rivalea Holdings Pty Ltd and Oxdale Dairy Enterprise Pty Ltd, which it purchased from Singapore listed food company QAF Limited.
JBS Australia CEO Brent Eastwood said he was excited to welcome Rivalea to the JBS group.
IN OTHER NEWS:
"Rivalea is a crucial part of Australia's pork supply chain and we believe we can work together to create an improved and more efficient pork processing business for Rivalea customers, by using JBS's experience as a major meat and food processor," he said.
"We look forward to working alongside Rivalea CEO Mick Hewat and the entire Rivalea team, to continue to support high quality pork production for the Australian domestic and international export markets."
Mr Eastwood said JBS would be the last owner of Rivalea.
"JBS has a long and proud history of supporting and growing its Australian and New Zealand businesses over the long-term, investing heavily in its local operations and domestic brands, while at the same time providing employment opportunities and supporting the regional economies in which we operate," he said.
"We will employ this same locally-minded approach at Rivalea."
Our journalists work hard to provide local, up-to-date news to the community. This is how you can continue to access our trusted content:
- Bookmark https://www.bordermail.com.au/
- Make sure you are signed up for our breaking and regular headlines newsletters
- Follow us on Twitter: @bordermail
- Follow us on Instagram @bordermail
- Follow us on Google News.