JBS makes $1.45 billion acquisition from Cargill - leatherbiz: Leading Leatherbiz

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JBS makes $1.45 billion acquisition from Cargill

02/07/2015
Brazilian packer and tanning group JBS has moved to strengthen its position in the US meat market by reaching an agreement to buy the pork business of agrifood company Cargill.

The deal comprises two meat-processing plants in Iowa and Illinois; five feed mills in Missouri, Arkansas, Iowa and Texas and four hog farms in Arkansas, Oklahoma and Texas. The two companies agreed a value of $1.45 billion.

JBS said this move is in keeping with its strategy to grow its portfolio of prepared and value-added products, expanding its customer base in its domestic market in Brazil and internationally.


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