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JBSS3 Jbs Sa

23.86
-0.01 (-0.04%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Jbs Sa BOV:JBSS3 Bovespa Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.01 -0.04% 23.86 24.21 23.62 24.20 7,196,200 01:41:10

JBS to Buy Cargill's U.S. Pork Business

01/07/2015 10:50pm

Dow Jones News


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Agribusiness giant Cargill Inc. has agreed to sell its U.S.-based pork business to Brazilian meatpacker JBS SA for $1.45 billion.

JBS has completed more than a dozen acquisitions since 2005, including poultry business Pilgrim's Pride Corp. In June, it announced a $1.5 billion deal for the European poultry unit of its local rival Marfrig Global Foods SA.

The deal includes meat processing plants in Ottumwa, Iowa, and Beardstown, Ill., that processed a total of 9.3 million hogs last year, as well as five feed mills and four hog farms.

JBS entered the U.S. pork market with the 2007 purchase of Swift & Co.

Write to Josh Beckerman at josh.beckerman@wsj.com

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