Meatpacker JBS agrees to merge its leather assets with the ones from Viva

Core Insights - Brazilian meatpacker JBS has signed a binding memorandum of understanding with the shareholders of Viva to combine their assets related to leather production and commercialization [1] Company Summary - JBS is actively expanding its operations in the leather sector through this strategic partnership with Viva [1] - The collaboration aims to enhance the efficiency and market reach of both companies in the leather industry [1] Industry Summary - The leather production and commercialization sector is witnessing consolidation as companies seek to leverage synergies and improve competitiveness [1] - This move reflects a broader trend in the industry towards strategic alliances to optimize resources and expand market presence [1]