JBS completes acquisition of Rockdale Beef
September 21, 2010
by Bryan Salvage
GREELEY, Colo. – JBS S.A. has completed the acquisition of Australia’s Rockdale Beef for approximately US$37.3 million. The deal is still subject to further adjustments based on the level of the working capital at completion.
Rockdale Beef, which has a processing capacity of approximately 200,000 cattle per year and a feedlot capacity of more than 53,000 cattle, will further enhance JBS’s Australian presence – particularly in Asia.
"As we look to gain efficiencies and serve our customers better, the addition of the Rockdale plant is a stride forward," said Wesley Batista, chief executive officer of JBS USA, parent of JBS Australia. "With the integrated feedlot and the good cattle producers in the region, we will be able to customize evermore our raw material supply and reach the highest quality standards required by our many customers, particularly those in Asia.”