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Announced

JBS and Rigamonti to acquire King’s.

Synopsis

JBS, an animal protein-based food company, and Rigamonti, a food producer, agreed to acquire King’s, an operator active in the production of Prosciutto di San Daniele. Financial terms are not disclosed. "This acquisition is in line with the strategic approach of growing in high value-added products. It puts us among the leaders in Italian “salumeria” and leverages our commercial strategy in the US, where we are investing $200m in an Italian specialties plant. The growth potential of the King’s and Principe brands in Europe and the United States is huge," Gilberto Tomazoni, JBS CEO.

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