Nov. 2, 2015
by Erica Shaffer
GREELEY, Colo. – JBS SA, through its subsidiary JBS USA, has concluded its $1.45 billion purchase of Cargill Pork LLC. The acquisition combined with JBS USA Pork has net revenue of approximately $6.3 billion and a processing capacity of roughly 90,000 hogs per day and two million lbs. of bacon per week, JBS reported.
“This acquisition is fully aligned with JBS' strategy to grow our portfolio of prepared and value-added products, further expanding our company’s customer base and enhancing our premium pork product mix,” Wesley Batista, global CEO of JBS, said in a statement.
The acquisition nets JBS two pork processing facilities in Ottumwa, Iowa, and Beardstown, Ill.; five pork feed mills in London, Ark., Hedrick, Iowa, Centralia, Mo., Smithton, Mo., and Dalhart, Texas; and four hog farms in Morrilton, Ark., Umpire, Ark., Cameron, Okla. and Dalhart.
“Today’s announcement signifies a strengthening of our pork business through the combination of our established track record of adding value for our customer base and Cargill’s complementary specialty-product offerings, including bacon, antibiotic-free and sow housing production system options,” said Marty Dooley, president and COO of JBS USA Pork.