JBS eyes acquisitions, raises red flags
Brazil’s JBS is interested in acquisition opportunities and it is raising concern among U.S. lawmakers.
They are mainly focused on increasing its value-added and branded products in its portfolio, and are looking at opportunities in the U.S., Australia, Canada, Europe, and Mexico.
They have been investing in new business segments in all protein sectors, but Senators Bob Menedex and Marco Rubio are urging the Treasury Secretary to thoroughly investigate.
They say that foreign companies jeopardize our economic security and threaten our business.