A Brazilian egg producer backed by JBS has bought its way into the US market, vaulting from tenth to fourth among the world's largest egg companies.
Mantiqueira vaulted to 4th largest egg producer after buying Hickman's Egg Ranch for ~$300m with JBS backing, scaling to 28m hens. Three of the top four global egg producers now have Brazilian ownership, signaling consolidation of commodity-protein markets.
Brazil · Business
Key Facts
—The leap. Brazil’s Mantiqueira jumped from the world’s 10th to its 4th largest egg producer after buying a US rival.
—The deal. Mantiqueira USA bought Arizona’s Hickman’s Egg Ranch in a transaction estimated at about $300m (R$1.6bn).
—The partner. The US arm is a joint venture between Brazil’s Pinto family and meatpacking giant JBS.
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