Brazilian Meat Giant JBS Has Shareholder Approval for Huon Takeover

JBS, the largest global protein company and the world’s second-largest food industry, has entered into an agreement to acquire control of Spanish company BioTech Foods. The deal signals the company’s entry into the cultivated protein market, which consists of producing food from animal cells and includes investment in building a new plant in Spain to scale up production. Along with the acquisition, JBS is also announcing the setting up of Brazil’s first cultivated protein research & development (R&D) center. …

Colorado-based JBS didn’t admit any wrongdoing as part of the settlement, and company spokeswoman Nikki Richardson said JBS will continue to defend itself against other plaintiffs in the case, but she said JBS decided the settlement was “in the best interest of the company.” …

Brazil’s JBS will buy Dutch vegetable-based protein company Vivera for 341 million euros ($408.11 million), as the world’s largest meatpacker expands its offerings to appeal to those who want to eat less meat, it said in a securities filing on Monday. …