Mantiqueira Eyes US Expansion After JBS Partnership
Deal News | Jan 29, 2025 | EIN
Mantiqueira Brasil, the leading egg producer in South America, is considering opportunities for merging or acquiring operations to enter the lucrative U.S. market. This move comes after JBS SA, a major player in the meat sector, acquired a 50% stake in Mantiqueira, marking its inaugural entry into the egg industry. Mantiqueira's CEO, Márcio Utsch, indicated that the expansion could be through establishing local production or partnering with existing U.S. companies. The prospect of entering the U.S. market appears timely, given the ongoing bird flu outbreak causing egg shortages and price surges. Utsch, previously at Alpargatas, emphasized the company's intent to focus on producing cage-free eggs, a segment representing 15% of their sales in Brazil. Meanwhile, Murilo Pinto, son of the founder, has been appointed CEO of Mantiqueira USA. JBS CEO Gilberto Tomazoni highlights the synergies between egg and poultry production, indicating potential leverage of JBS's extensive operations across multiple regions to support Mantiqueira's international growth.
Sectors
- Agriculture
- Food Production
- Mergers and Acquisitions
Geography
- Brazil – Mantiqueira Brasil is based in Brazil, and the initial transaction involves JBS SA, a Brazilian company.
- United States – The potential market for Mantiqueira's expansion plans is the U.S.
Industry
- Agriculture – The core business of Mantiqueira is egg production, which falls under the agriculture sector.
- Food Production – JBS SA's involvement and the focus on egg production for export underline the article's relevance to the food production industry.
- Mergers and Acquisitions – The potential merger or acquisition by Mantiqueira indicates relevance to the M&A industry.
Financials
- 50% – Fractional stake acquired by JBS SA in Mantiqueira.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mantiqueira Brasil | Target Company | Company | Leading egg producer in South America considering expansion into the U.S. market. |
| JBS SA | Bidding Company | Company | Leading meat producer acquiring a significant stake in Mantiqueira to diversify into the egg production sector. |
| Mrcio Utsch | CEO of Mantiqueira Brasil | Person | CEO of Mantiqueira Brasil, guiding the company through its expansion strategy. |
| Murilo Pinto | CEO of Mantiqueira USA | Person | Appointed CEO for the U.S. operations of Mantiqueira to steer its market entry strategy. |
| Gilberto Tomazoni | CEO of JBS SA | Person | CEO of JBS, providing strategic insights into the expansion due to JBS's experience in poultry. |