Brazilian food organisation JBS SA announced that its U.S. subsidiary JBS USA has plans to acquire Empire Packing Co. for $238 million. The deal announced in a securities filing, includes Memphis, Tennessee-based Empire’s five processing facilities and retail products branded as Ledbetter. The transaction also includes processing facilities located in Denver; Cincinnati and Mason, Ohio; Memphis; and Olympia, Washington.
The major expansions and investments by JBS are mentioned below:
February 2020: Plumrose USA, a subsidiary JBS USA has announced to build a new facility in Moberly to produce fully-cooked bacon. JBS new factory is expected to create 200 new jobs for locals.
December 2019: JBS USA announced that it has signed an agreement with family-owned J&B Group to acquire a meat processing plant located in Pipestone, U.S. state of Minnesota. The plant, produces fresh and frozen ground beef and steaks.
May 2019: JBS USA, announced a $95 million expansion project at its Grand Island, Nebraska, beef production facility. The expansion project includes new, improved animal handling facilities, a state-of-the-art, temperature-controlled harvest floor and facility reconfiguration designed to improve team member experience, food safety and product quality.
About JBS USA
Colorado based JBS USA is a global processor of beef and pork meat. It is a second largest poultry company in the U.S., with operations in the U.S. and Mexico. JBS USA represents the North American arm of Brazil based JBS S.A., the world’s leading animal protein processor with more than 240,000 team members worldwide, more than 300 production units and export customers in more than 150 countries.