JBS is an international meat processing company. Founded by Jose Batista Sobrinho in 1953, JBS is a public company, listed on the BM&F Bovespa exchange as JBSS3. The head office for JBS is located in São Paulo, Brazil.
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Brazil-based JBS is already the world's largest meat supplier but it has its sights on growing further in value-added products and in Asia - and has turned to a business in Australia to help it achieve that goal.
The dramatic M&A battle being played out in the US protein space comes as fresh evidence that food companies are willing to pay top-dollar for quality businesses in a consolidating sector.
Tyson Foods entered fray today (29 May) when it issued a fresh bid for Hillshire Brands, trumping an earlier offer from Pilgrim's Pride. Like Pilgrim's, Tyson stressed the strategic merits of taking control of the Jimmy Dean-to-State Fair manufacturer. Tyson is clearly prepared to pay a premium price for Hillshire - but will another bid be forthcoming? Katy Askew reports.
With the bidding war for Hillshire Brands intensifying, it is pertinent to point out just how correct Sara Lee's management - and those on Wall Street that supported the split - were about the shareholder benefits of separating the old business.
Brazil's Vigor, created when meat giant JBS listed the business last year, wants to be the largest dairy company in the country. Two months ago, Vigor invested in rival Itambé, a deal that enabled it to take the number three spot in the Brazilian dairy sector. However, as Paula Krizanovic discovers, Vigor CEO Gilberto Xandó has grander ambitions for the business.
Brazilian meat packer JBS revealed it is planning an initial public offering in the US for its JBS Foods International unit, which is headquartered in the Netherlands.
Pilgrim's Pride has struck a deal to buy fellow US poultry processor GNP for US$350m.
Institutional investors in the US are calling on some of the nation's biggest producers of turkey and other meats to do more to tackle the "significant water pollution risks" associated with feeding, slaughtering and processing livestock.
JBS, the Brazilian meat giant, said that it expects its performance in South America to improve as the region becomes more economically stable.
Brazil-based meat giant JBS has scrapped plans for a major reorganisation of the group, including moving some operations outside the country, after the move was blocked by a government agency.
Brazil-based meat giant JBS said today (14 September) that Wesley Batista and his brother Joesley Batista had been reappointed to their respective posts of CEO and board chairman at the firm just hours after they were suspended from office by a court order.
José Batista Júnior has been appointed as interim president and CEO of Brazil-based meat giant JBS, after a court in the country ordered the temporary suspension from office of his predecessor, Wesley Batista, in connection with a police probe into reported allegations of fraud at a number of Brazilian pension funds.
Wesley Batista, the CEO of JBS, the Brazil-based meat giant, has reportedly been ordered to step down from the role by a court order in the country.
JBS, the Brazil-based meat giant, saw pressure on margins on the company's added-value Seara unit and on its US-based beef and chicken businesses in its second quarter.
Brazilian meat group JBS has filed registration requests with the US Securities and Exchange Commission in its next steps towards a corporate shake-up that will see it spin off its international businesses into an Ireland-based company – which in turn is expected to be listed on the New York Stock Exchange.
US chicken group Pilgrim's Pride has reported a 37.5% fall in operating income for the second quarter of 2016 – down to US$237m from US$378m in the same period a year ago.
Brazilian meat group JBS said today (1 July) that it had nothing to do with a corruption probe that led to a police raid on offices of another firm owned by JBS majority shareholder J&F Participacoes.
US chicken group Pilgrim's Pride has received approval for a US$24m expansion project that will expand production for retail channels at its poultry processing complex in Mayfield, Kentucky.
Brazilian meat group JBS has detailed plans to restructure its business into international and domestic units in order to "strengthen its leading position" in the global food industry and "increase competitiveness".
JBS, the Brazilian meat group, reported lower first quarter earnings due to margin pressure at the group's US chicken and beef businesses.
First-quarter sales and profits at Pilgrim's Pride, the US poultry processor, have fallen.
Brazilian meat and poultry processor JBS has reported a jump in full-year sales and profits.
JBS has declined to comment on allegations that its 2009 merger with Bertin Group involved fraud that harmed minority shareholders.
Brazilian meat group JBS has revealed plans to reorganise its regional management structure into four: South America, North America, Europe and Asia Pacific.
Pilgrim's Pride today (16 February) announced a capital investment programme of US$190m to grow its brands.
Pilgrim's Pride has blamed export market challenges and commodity issues for a fall in full-year sales and profits.
JBS's majority shareholder has denied claims the meat group's executives are linked to "crimes against the financial system" as its share price plunged more than 14%.
JBS has dismissed a report linking the Brazil-based meat giant to a move for UK processor Dunbia.
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