News

Brazil's JBS buys Smithfield Beef

05/03/2008

Virginia-based Smithfield Foods has announced that it has signed a definitive agreement to sell its beef processing and cattle feeding operation, Smithfield Beef, to the world's largest beef producer, Sao Paolo-based JBS, for $565 million in cash. The sale to JBS will include Five Rivers Ranch Cattle Feeding, which is a  joint-venture between...

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