JBS buys King's Group and historic brands in Italy

JBS signed an agreement to acquire 100% of the King´s Group by its subsidiary Rigamonti, global leader in the production of bresaola – a lean cured meat, typical of northern Italy.

With the operation, JBS now has a presence in the three largest regions of Italy that produce charcuterie specialties – meat-based products, such as bacon, ham, sausage – with seals that recognize the quality and unique characteristics of its products.

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With an investment of €82 million (US$92,5 million), the company takes over four factories in Italy.

The King´s Group is the market leader in the production of San Daniele ham DOP and has relevant activity in the manufacture of Prosciutto di Parma DOP

The business also covers the commercial operation of two historic brands, known for their high quality in the Italian charcuterie market. The King's brand, founded in 1907, is recognized by the Italian government as “Historic Mark of National Interest”, which symbolizes the Made in Italy in the world, and the Principe brand, founded in 1945.

With this acquisition, Rigamonti also now holds a 20% stake in Piggly, the first sustainable and 100% antibiotic-free pig breeder in Italy, with two production units.