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JBS USA Pork to Acquire Cargill’s U.S.-Based Pork Business for Over $1 Billion

JBS USA Pork to Acquire Cargill’s U.S.-Based Pork Business for Over $1 Billion


GREELEY, CO & WICHITA, KS
Wednesday, July 1st, 2015

JBS USA Pork has entered into an agreement with Cargill to acquire the company’s U.S.-based pork business for $1.45 billion.

Martin Dooley, President and COO, JBS USA Pork“Today’s announcement of our agreement to purchase the Cargill pork operations is a strategic investment in the long-term growth of our domestic and global pork business and demonstrates our continued commitment to the U.S. livestock sector,” said Martin Dooley, President and COO of JBS USA Pork.

“This transaction will strengthen our position as a producer and supplier of all major animal proteins around the world, and provide increased opportunities for our producer partners and key customers,” Dooley added.

According to a press release from the company, JBS will be acquiring Cargill’s two Midwest meat-processing plants. Cargill acquired the plants in 1987, and in 2014, they processed a total of 9.3 million hogs. JBS will also be purchasing five feed mills and four hog farms.

Todd Hall, Senior Vice President, Cargill“The strengths of the JBS and Cargill pork businesses are complementary. Together, they promise to offer enhanced service to customers and more opportunities for employees and hog producers while providing an important source of protein to consumers around the world,” said Todd Hall, Cargill Senior Vice President.

This acquisition will enhance JBS USA Pork’s ability to meet increased global demand for optimal quality, innovative fresh and frozen pork products. This acquisition’s completion is subject to regulatory review and approval.

JBS USACargill