JBS to bolster presence in plant-based foods with acquisition of Dutch protein company Vivera

NETHERLANDS – world’s largest processor of fresh beef and pork JBS has agreed to acquire plant-based meat producer Vivera in a deal worth approximately €341 million (about US$409.35 million). Netherlands-based Vivera is the third-largest manufacturer of plant-based food products in Europe producing a number of meat alternatives such as burgers, chicken and mince alternatives. It has a presence in 25 countries across the continent, including the Netherlands, the UK and Germany. According to a statement from JBS, the acquisition includes three manufacturing units and a research and development centre located…

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JBS, ADM double down on sustainability commitments in new push towards achieving carbon neutrality

BRAZIL – Food multinational companies, JBS and ADM have made new sustainability commitments as part of efforts aimed at ridding their processes of carbon emissions which have been associated with environmental pollution and climate change. On its part, JBS, which is the world’s largest processor of fresh beef and pork, has committed to achieving net-zero greenhouse gas emissions by 2040. The company says it supports its commitment with an investment of more than US$1 billion over the next decade. The commitment spans the company’s global operations including Pilgrim’s Pride, as…

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Conagra in talks to sell brands worth US$700m to US beef processor JBS

US – Consumer Packaged Goods giant Conagra Brands may sell Hebrew National hotdog brand  to beef processor JBS as part of a deal worth around US$700 million, The Wall Street Journal has reported According to a report by WSJ, the transaction could also include other brands like Egg Beaters and Odom’s Tennessee Pride. The talks are however non-binding and Conagra could end up keeping the business or choose to sell it to another company. In recent months Conagra has turned to pruning its portfolio to focus on its signature frozen…

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JBS to increase exports to china following lifting of ban on two JBS meat plants

CHINA – JBS, a Brazilian company that is the world’s largest processor of fresh beef and pork, has announced that China has lifted pandemic-related bans imposed in 2020 on imports from two of its meat plants, according to Reuters. Located in the Brazilian state of Rio Grande do Sul, both plants saw outbreaks of Covid-19 among employees last year. In response to the corona virus outbreaks, China suspended imports from the JBS facilities in Três Passos and Passo Fundo – which produce pork and chicken products respectively. The ban intended…

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Meat processor JBS to monitor its supply chain by 2025 over claims of Amazon deforestation

BRAZIL – JBS, the world’s largest meat processing company, has announced that it will monitor its entire supply chain by 2025, to ensure the traceability of the tens of thousands of cattle it processes every day in Brazil, following intense pressure from both investors and activists over its environmental record. JBS has long faced criticism from non-governmental organisations for not doing enough to ensure that cattle coming from indirect suppliers, ranchers that provide animals to JBS’s direct suppliers, are not being raised on illegally deforested Amazonian lands. In July Nordea…

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Trump signs executive order for meat processing plants to stay open

USA – U.S President Donald Trump has invoked the Defense Production Act compelling meat processing plants in the United States to remain operational amid the Coronavirus pandemic. The move comes at a time when meat processor in the country including Tyson Foods, JBS, Smithfield Foods and Cargill among other meat companies have been shutting down activities due to increased Covid-19 cases linked to maintaining operations at the facilities. Tyson Foods had previously unveiled that it was considering only keeping 20% of its facilities open sending a warning that millions of…

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JBS to launch new Fibrio line and range of plant-based foods

BRAZIL – JBS has announced that its will be launching a range of plant-based foods and further expand its Friboi portfolio by introducing a new brand focused on healthiness and sustainability. Seara, the chicken division of the Brazil headquartered food processing company, plans to launch the Incredible Range, offering a complete range of 100% plant-based products. According to the company, Seara’s Incredible Range offers plant-based products contain zero trans-fat and are enriched with iron and vitamin B12, providing fiber-rich, lactose, egg and milk-free foods. JBS also plans to unveil Biomolecule…

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JBS to sell US-based Five Rivers cattle business for US$200m

USA – Brazilian meat producer JBS has announced plans to sell its US-based Five Rivers, the world’s largest cattle feeder to Pinnacle Asset Management in a US$200 million deal. Pinnacle Asset is an investment firm specializing in commodities and natural resources and is set to buy the cattle feeder that supplies JBS with beef for its US processing plants. Last year, JBS was planning on a divestment plan that involved the sale of Five Rivers Cattle Feeding that comprises 11 feedlots and has a total feeding capacity estimated at 980,000…

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JBS SA board of directors elects new Chairman

BRAZIL – The board at JBS has elected Jeremiah O’Callaghan as the new chairman of the company, replacing Tarek Farahat, who is moving into the position of global advisor. O’Callaghan joined JBS in 1996 and has served as the Investor Relations Officer for the company for the past 10 years. According to the company statement, the board of directors also unanimously elected Cledorvino Belini, Roberto Penteado de Camargo Ticoulat and Wesley Batista Filho to the board. The three and O’Callaghan join José Batista Sobrinho, Gilberto Meirelles Xandó Baptista, Aguinaldo Gomes…

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US chicken producer buys N. Ireland’s Moy Park

UK – One of Northern Ireland’s biggest employers, the poultry producer Moy Park, has been sold for £1billion (US$1.34 billion). About 6,300 people work for the company in Craigavon, Ballymena and Dungannon. The new owner is another major chicken producer, Pilgrim’s Pride Corporation, which is headquartered in Colorado in the United States. In a statement announcing the acquisition, it said “Moy Park’s employee base will remain in place”. Moy Park, which was founded in 1943, was put up for sale in June by its Brazilian owners JBS, which said the…

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