One of Corowa's biggest employers, Rivalea, is set to be taken over by the largest meat and food processor in the country.
JBS Australia will purchase pork producer Rivalea for $175 million, after owner Singapore company QAF Limited began exploring its potential sale last September.
JBS Australia has sites in Yanco and Cobram, and is part of the global JBS business, the largest animal protein business and the second largest food company in the world, with operations in North America, South America, Europe, Australia and New Zealand.
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JBS Australia CEO Brent Eastwood said JBS planned to expand Rivalea to create more options for fresh and value added products in domestic and international markets.
"Rivalea is a leader in the Australian pork sector," he said.
"JBS Australia is committed to building on these strong foundations and growing the business through new opportunities for Australian-grown pork.
Tocumwal pig farmer David Tuck does more than a million dollars worth of business with Rivalea per year.
He said he didn't expect the new ownership to result in many changes to his operations with the company.
"It's such a corporate company anyway that you're not really dealing with anywhere near the owners," he said.
"We never dealt with the Singapore owner and hopefully everything stays in place.
"I can't really see any good reason for it not to stay the same."
Mr Eastwood said the purchase would allow JBS Australia to "expand into the breeding, growing, fattening and finishing of pigs, an area where JBS Australia does not currently operate."
The sale is subject to relevant regulatory approvals.
Rivalea declined The Border Mail's interview request.
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