JBS Archives - Page 19 of 20

JBS to buy Cargill’s U.S. pork assets for US$1.45B

By Reuters July 1, 2015

Reading Time: 3 minutes Reuters — JBS SA, the world’s largest meat packer, is buying Cargill’s U.S. pork business for US$1.45 billion, free of debt, it said in a statement on Wednesday, a deal that would make it one of the largest and most powerful meat companies in the U.S. The bid by the company’s JBS USA subsidiary comes […] Read more

Beef Cattle, Livestock, Markets, Reuters

Meatpacker JBS closes plant, lays off 650 workers in Brazil

By Reuters May 21, 2015

Reading Time: < 1 minute Sao Paulo | Reuters — The world’s largest meatpacker JBS SA laid off 650 workers and closed a plant in Brazil’s Mato Grosso state due to the lack of cattle ready for slaughter, a state labour official and the company said on Wednesday. JBS CEO Wesley Batista said last week that the first three months […] Read more

Beef Cattle, Livestock, Markets, Reuters

JBS CEO says Brazil close to exporting fresh beef to U.S.

By Reuters May 14, 2015

Reading Time: 2 minutes Sao Paulo | Reuters — Brazil is “closer than it had ever been” to exporting fresh beef to the U.S., the CEO of Brazilian meat packer JBS SA said Thursday, adding he expects shipments to start later this year. The Brazilian agriculture ministry expects a formal announcement on meat exports to the U.S. when President […] Read more

Livestock, Markets, Reuters

JBS has cash for takeover, but focused on growth, CEO says

By Reuters April 8, 2015

Reading Time: 2 minutes Sao Paulo | Reuters — Brazilian meat packer JBS will have sufficient cash flow in 2015 to bankroll potential acquisitions, but for the time being plans to focus on consolidating gains from recent takeovers, CEO Wesley Batista said on Tuesday. The company in late March completed the US$1.125 billion buyout of Australian meats company Grupo […] Read more

Hogs, Livestock, Markets, Reuters

Australia clears JBS bid for pork firm Primo

By Reuters March 4, 2015

Reading Time: < 1 minute Sydney | Reuters — Australian regulators have approved a bid by the U.S. arm of Brazilian beef giant JBS to acquire Australian Consolidated Food Holdings Pty. Ltd. (Primo) for an undisclosed sum, Treasurer Joe Hockey said on Wednesday. The approval by Australia’s Foreign Investment Review Board (FIRB), subject to conditions at Primo’s abattoir, allows the […] Read more

General, Markets, Reuters

Brazil truckers continue some roadblocks after crackdown

By Caroline Stauffer, Marcelo Teixeira March 2, 2015

Reading Time: 2 minutes Sao Paulo | Reuters — Striking truck drivers resumed some roadblocks in Brazil on Monday, disrupting grain and meat shipments to southern ports even as the government cracked down on protesters and promised to give new benefits to the transport sector. By mid-afternoon there were 23 road blockages in three southern states, down from 99 […] Read more

Livestock, Reuters

JBS suspends IPO of processed foods unit, again

By Reuters February 27, 2015

Reading Time: < 1 minute Rio de Janeiro | Reuters –– Brazilian meatpacker JBS SA said on Friday it was cancelling an initial public offering of its processed food unit JBS Foods due to unfavourable market conditions. This is the fourth time JBS, the world’s largest meatpacker, suspended plans for the IPO of JBS Foods. JBS said in a statement […] Read more

Beef Cattle, Livestock, Markets, Reuters

JBS expands Utah beef plant as cattle supply squeezes rivals

By Reuters January 29, 2015

Reading Time: 2 minutes Chicago | Reuters –– JBS USA, one of the top U.S. meat processors, said Thursday it will expand a Utah beef processing facility, even as some of its rivals have been shuttering plants because of tight cattle supplies. The project is notable because the U.S. cattle herd has fallen to its smallest size since 1951, […] Read more

Livestock, Markets, Reuters

Brazil regulator lifts suspension of JBS Foods’ IPO

By Reuters December 2, 2014

Reading Time: < 1 minute Sao Paulo | Reuters –– Brazil securities regulator CVM on Tuesday lifted its suspension of the initial public offering for JBS SA’s processed food unit, JBS Foods, as long as the company holds off taking orders for investment until after Christmas. CVM suspended the share offering Nov. 24, after the company’s CEO breached regulations by […] Read more

Hogs, Livestock, Poultry/Eggs, Reuters

JBS to buy Australia’s Primo for $1.4B

By Reuters November 21, 2014

Reading Time: 2 minutes Sao Paulo | Reuters — Brazil’s JBS SA, the world’s largest beef exporter, has agreed to buy Australian processed foods producer Primo Smallgoods for A$1.45 billion (C$1.41 billion). The company will also buy food company Grupo Big Frango in Brazil for 430 million reais (C$192 million), stepping up the pace of acquisitions that have played […] Read more

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Tag Archives JBS

JBS to buy Cargill’s U.S. pork assets for US$1.45B

Meatpacker JBS closes plant, lays off 650 workers in Brazil

JBS CEO says Brazil close to exporting fresh beef to U.S.

JBS has cash for takeover, but focused on growth, CEO says

Australia clears JBS bid for pork firm Primo

Brazil truckers continue some roadblocks after crackdown

JBS suspends IPO of processed foods unit, again

JBS expands Utah beef plant as cattle supply squeezes rivals

Brazil regulator lifts suspension of JBS Foods’ IPO

JBS to buy Australia’s Primo for $1.4B

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