Soybean mogul negotiating to buy Tejar’s Brazil unit

Amaggi, the Brazilian soybean group owned by entrepreneur-turned-politician Blairo Maggi, is in advanced talks to buy the local unit of Argentina’s El Tejar (O Telhar) to capitalise on increasing crop demand from China. The proposed acquisition, yet to be confirmed by both companies, would encompass all assets in Brazil, including about 70,000 hectares (173,000 acres) of farming land, cotton mills, warehouses and machinery. Founded in Argentina, El Tejar is controlled by U.S. fund Capital International and U.K.-based Altima Partners. In 2013, the group opted to focus operations in Brazil.

Source: Bloomberg

JBS to buy Empire Packing Company facilities in the U.S

Brazil meatpacker JBS (JBSS3.SA) said in a securities filing Tuesday that it has agreed to acquire five case ready production facilities from Empire Packing Company, as well as the Ledbetter brand for $238 million. The facilities are located in the United States and the transaction still requires regulatory approval.

Source: Reuters