JBS Controller Buys Hypermarcas Assets

JBS Controller Buys Hypermarcas Assets

Brazil M&A

Hypermarcas has agreed to sell several home care brands and related production facilities to Flora Produtos de Higiene e Limpeza, controlled by JBS holdco J&F Participacoes, for BRL 140m ($79m). The sale comes as Brazilian consumer goods company seeks to consolidate after a string of buys since 2008 and focus on its pharmaceutical, beauty and personal care segments. The value is equal to 1.2x the 12-month net revenue of the pieces from July 2010 to June 2011.The transaction includes facilities i

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