SAO PAULO, Aug 13 (Reuters) - JBS, the world's

largest meat company, said on Wednesday it has entered into an

agreement to acquire a processed foods production facility in

Ankeny, Iowa, and said it will invest $100 million in the unit

to build the largest bacon and ready-to-eat sausage plant in the

company's U.S. portfolio.

The purchase of the facility, previously owned and operated

by Hy-Vee, is in line with the company's long-term strategy of

offering more prepared and higher-value food products in the

U.S. market, management said in a filing.