Brazil meat giant JBS seeks 100% ownership of Pilgrim’s Pride in renewed focus on America

US – JBS, the world’s largest meat processor, has proposed acquiring the remaining common shares in Pilgrim’s Pride that it doesn’t already own.  According to a Reuters report, the Brazilian meat processor has submitted the proposal to the Pilgrim’s Pride board and is now awaiting approval to take the publicly listed company private.  JBS purchased a majority stake in Pilgrim’s Pride in 2009 before upping its position to just above 80%.  The company now proposes buying out the remaining 20% for US$26.50 a share — 17% higher than the trading price when the letter was sent.  Buying the remaining shares JBS doesn’t already own…

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JBS enters Australia’s aquaculture market with acquisition of salmon farmer Huon for US$313m

AUSTRALIA – World’s largest processor of fresh beef and pork, JBS is expanding its presence in the Australian animal protein market with the acquisition of salmon producer Huon Aquaculture Group for AUD 425 million (US$312.5 million).  Based in Tasmania, Huon farms salmon and ocean trout, and its products are sold at stores and supermarkets across Australia, as well as via the company’s online store.  The company is said to be Australia’s second-largest salmon producer and has invested more than US$256.6 million over the past five years in operational infrastructure and…

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JBS bounces back from cyber attack, announces major investments in US, Australia

US –  World’s largest meat producer JBS has come out strong from a cyber attack that almost paralyzed its North America and Australia operations, announcing major investments in the regions that were hit by the cyber attackers. Just a few days after paying an equivalent of US$11 million to prevent unforeseen risk from the cyber attack, JBS has said it is investing more than US$130 million in the U.S. beef industry to increase production capacity at two of its major beef processing facilities in Grand Island and Omaha, Neb.    The company is on schedule to complete a…

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JBS pays US$11m to resolve a cyberattack that disrupted operations in North America and Australia

US – Brazilian meat giant JBS has confirmed that it paid a ransom equivalent to US$11 million to resolve a cyberattack that disrupted its North American and Australian operations. The breach affected servers at facilities in North America and Australia, forcing the company to pause operations at nearly all plants in the U.S. The temporary closure of operations at JBS plants (which process about 20% of beef in US) raised alarm about potential meat shortages for consumers and livestock backlogs on feedlots. However, the meat producer says that its encrypted…

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JBS subsidiary opens new bacon plant in Missouri as Heck UK invests in sausage and burger capacity expansion

US – Swift Prepared Foods, a subsidiary of JBS USA, has expand its manufacturing footprint in the United States with the commissioning of a new bacon processing plant in Moberly, Missouri. The JBS subsidiary is a consumer packaged goods (CPG) company focusing on protein-centric prepared foods in both private label and branded offerings. According to a statement from the company, the US$68 million facility will produce fully cooked bacon and employ approximately 200 workers. Tom Lopez, Swift’s president and chief operating officer, said the central location and local support for…

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JBS to invest US$351m in expanding Brazilian poultry production capacity to meet market demand

BRAZIL – JBS, a Brazilian company that is the world’s largest processor of fresh beef and pork, has announced an investment of BRL 1.85 billion (approximately $351.5 million) to expand its production capacity in Paraná, southern Brazil. The meat processing giant said that the investment will be made over the next five years and aims to expand capacity in one of Brazil’s biggest poultry-producing states. As part of the project, JBS plans to construct a new prepared foods factory in the state, as well as modernise and expand its current…

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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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