This paper presents a longitudinal study of the resource-based horizontal acquisition strategy of JBS. This strategy transformed a relatively small business that was founded in 1953 (comprising a butcher shop and small slaughterhouse located in a small town in the interior of Brazil) into the world's biggest meat producer by 2010. However, the acquisition strategies of the company is not one dimensional, it changes with times and the maturity of the company. We further discuss the lessons learned from the growth strategies.
Ronald Jean Degen and K. Matthew Wong. "An Examination of the Resource-Based Horizontal Acquisition Strategy of JBS -- the Biggest Meat Packer in the World." Proceedings of the New York State Economics Association. vol. 5, October 2012, p. 37-46
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