JBS Enters US Egg Market with Acquisition of Hickman's Egg Ranch

Mantiqueira USA Inc., a wholly owned subsidiary of the joint venture between JBS and the founders of Mantiqueira Alimentos, has entered into a binding agreement to acquire Hickman's Egg Ranch, marking the company's entry into the US market through the newly created Mantiqueira USA. The deal, valued at approximately $1.2 billion, is expected to be finalized in the first quarter of 2026, pending regulatory approvals. Mantiqueira USA will acquire all outstanding shares of Hickman's Egg Ranch, a leading producer of eggs in the US, with a production capacity of over 1.5 million dozen eggs per week. The acquisition is expected to generate significant synergies, with estimated annual cost savings of $50 million. The acquisition marks a strategic move by JBS, the world's largest meat producer, to expand its presence in the US egg market. According to a report by Grand View Research, the US egg market is projected to grow at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2028, driven by increasing demand for protein-rich foods and growing consumer awareness of the health benefits of eggs. Mantiqueira Alimentos, a Brazilian-based company, has a long history of producing high-quality eggs and other poultry products. The company's founders, who have partnered with JBS to form the joint venture, bring significant expertise and knowledge of the global egg market to the table. The acquisition of Hickman's Egg Ranch is seen as a key step in Mantiqueira USA's plans to become a major player in the US egg market. The acquisition is expected to have a significant impact on the US egg market, with Mantiqueira USA's increased production capacity and expanded distribution network likely to lead to increased competition among existing players. The deal is also expected to create new opportunities for Mantiqueira USA to expand its product offerings and enter new markets. In a statement, the CEO of Mantiqueira USA said, "This acquisition represents a significant milestone in our company's growth strategy, and we are excited to bring our expertise and resources to the US egg market. We believe that our commitment to quality, sustainability, and customer service will make us a leader in the industry." The acquisition of Hickman's Egg Ranch is expected to be completed in the first quarter of 2026, pending regulatory approvals. The deal is seen as a strategic move by JBS to expand its presence in the US egg market, and is expected to have a significant impact on the industry in the years to come.