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Stock impact report

JBS US venture buys Hickman's Egg Ranch [Yahoo! Finance]

Tyson Foods, Inc. (TSN) 
Last tyson foods, inc. earnings: 2/6 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Financial terms were not disclosed. Mantiqueira USA is an egg producer and distributor established earlier this year via a joint venture between the Pinto family, who founded Mantiqueira, a South American egg company, and Brazil-based JBS. JBS acquired a 50% stake in Mantiqueira in January. The deal represents Mantiqueira USA's formal entry into the US market. The partners say they have a "long-term strategy to build a strong, scalable presence" in the US egg sector. Leandro Pinto, the founder of Mantiqueira, said: “Expanding into the United States has long been a vision for our family, and taking this step through the acquisition of Hickman's makes this moment especially meaningful.” In a statement, Mantiqueira USA described Hickman's as a “leading” producer catering to the Mountain and West Coast regions and among the “top 20 egg companies” in the US. Murilo Scarpa Pinto, the president of Mantiqueira USA, said: “Launching MTQ USA through this acquisition creates a stron Show less Read more
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