JBS - food industry company news 
BRAZIL: JBS denies Goias Verde acquisition rumours
24 January 2012
Major Brazilian meat processor JBS has denied rumours that it is in talks to buy vegetable producer Goiás Verde.
BRAZIL: JBS appoints new Mercosul head
8 December 2011
Major Brazilian meat processor JBS has appointed José Augusto de Carvalho Jr as president of its operations in South America outside its domestic market.
US: Leucadia acquires majority stake in National Beef
6 December 2011
US investment fund Leucadia National has acquired a majority stake in National Beef Packing Co., one of the country's largest beef processors.
Quote, unquote: just-food's week in words
21 November 2011
There was increasing speculation over the future strategies of PepsiCo and Unilever this week, with talk the structure of the two companies could change. HJ Heinz, meanwhile, is undergoing its own period of change and announced plans to close three more factories.
Editor's choice: the highlights on just-food this week
21 November 2011
Uncertainty surrounds PepsiCo at the moment, with rumours that some directors now want the US food and drink giant to examine whether to split the company in two - a move some analysts and investors demand. CEO Indra Nooyi is reported to be against such a move and is said to be lining up acquisitions to bolster the company. Elsewhere, Unilever again faced claims that it would look to offload more food brands and HJ Heinz said it would close more factories to deal with the "difficult" trading conditions in some markets, Click on the headlines for more.
BRAZIL: Pilgrim's Pride problems hit owner JBS
15 November 2011
Losses at US poultry producer Pilgrim's Pride have helped cause majority shareholder JBS, the Brazilian meat giant, to report a third-quarter loss.
BRAZIL: JBS, Marfrig deny Minerva merger talk
4 October 2011
Brazilian meat giants JBS and Marfrig have distanced themselves from speculation of a possible merger between the two companies and local rival Minerva.
BRAZIL: JBS restructures meat packing operations
31 August 2011
Brazilian meat giant JBS is to restructre parts of its domestic operations in a bid to reap tax savings.
BRAZIL: US problems push JBS to H1 loss
16 August 2011
Brazilian meat giant JBS today (16 August) reported a half-year loss after problems at its US operations hit its bottom line in the second quarter of the year.
US: Pilgrim's Pride appoints Sandri CFO
6 June 2011
US poultry group Pilgrim's Pride has appointed Brazilian Fabio Sandri as chief financial officer.
BRAZIL: Marfrig, JBS to continue exporting to Russia despite ban
3 June 2011
Two of Brazil's largest meat processors have said they will continue to export meat to Russia after Moscow banned meat imports from three Brazilian states.
BRAZIL: Meat giant JBS posts mixed Q1 numbers
11 May 2011
JBS, the Brazilian meat giant, has reported mixed first-quarter results, with the company's net income and sales rising - but its EBITDA down on lower profits from its US chicken unit.
US: Feed costs hit Pilgrim's Pride in Q1
3 May 2011
Pilgrim's Pride has cited "rapidly increasing" feed costs as a factor in its widening losses for the first quarter of its financial year.
BRAZIL: JBS strikes deal over slavery, deforestation lawsuit
28 April 2011
JBS has struck a deal that will see allegations that the meat giant bought beef from farms that contributed to the deforestation of the Amazon and used slave-workers dropped.
BRAZIL: JBS refutes allegations of illegal sourcing
21 April 2011
Meat giant JBS has rebuffed allegations that it illegally purchased cattle in the state of Acre, Brazil.
BRAZIL: Delay to US IPO hits profits at meat giant JBS
24 March 2011
JBS saw underlying profits fall almost 11% in 2010 as the Brazilian meat processor swung into the red in the fourth quarter of the year thanks to a penalty fee linked to its delayed IPO in the US.
Comment: Sara Lee split fails to dampen takeover talk
2 February 2011
Sara Lee's management no doubt hoped the announcement of plans to split the US food group in two would give the market some clarity over its future but, writes Dean Best, Wall Street analysts believe the new-look companies will still be potential takeover targets.
BRAZIL: Wesley Batista replaces brother as JBS chief
2 February 2011
Brazilian meat processor JBS has appointed Wesley Batista as its CEO, replacing his brother Joesley Batista, who will become the company's chairman.
UPDATE 2: US: Sara Lee CEO Smits defends business split
28 January 2011
Marcel Smits, the chief executive of Sara Lee, today (28 January) defended the US food group's plans to split the business in two amid questions over whether the move will benefit shareholders.
UPDATE: US: Sara Lee confirms plans to split business
28 January 2011
Sara Lee, the US food group, has this afternoon (28 January) confirmed plans to split itself in two.
US: Sara Lee set to reveal plans
28 January 2011
Senior management at Sara Lee will today (28 January) unveil their plans for the US food group as reports claim that the company will not be sold - at least not immediately - and will be divided into two.
US: JBS "makes verbal offer for Sara Lee"
26 January 2011
Meat processor JBS has reportedly made a verbal buyout offer for Sara Lee and is expected to submit a written proposal in the next 24 hours, according to sources.
Comment: Speculation over Sara Lee reaches fever pitch
26 January 2011
Speculation around the future of food manufacturer has reached fever pitch as the board allegedly meets to decide its future this week.
Best bits: Uncertainty over Northern; Premier sells Quorn; Wal-Mart's health kick
24 January 2011
It had gone 7pm on Friday night when, at last, UK poultry and fish supplier Boparan Holdings showed its hand in the battle to buy Northern Foods.
BRAZIL: JBS "heads consortium" ready to move on Sara Lee
21 January 2011
Speculation over the future of Sara Lee has taken another twist, with reports in the US that the Brazilian beef processor JBS is heading a group of companies ready to bid for all or part of the US food manufacturer.
US: KKR linked to Sara Lee as speculation rumbles on
14 January 2011
KKR is the latest private-equity firm to be linked to a possible bid for Sara Lee - although there is speculation that the US food group has barred the buyout house from any possible sale discussions.
US: M&A consultant Rovit joins Kraft from Bain & Co.
13 January 2011
Kraft Foods, the maker of Cadbury chocolate and Dairylea cheese, has appointed former Bain & Co. executive Sam Rovit as executive vice president of strategy.
US: JBS mulls fresh Sara Lee bid as private equity circles
10 January 2011
JBS is understood to be preparing a second bid for Sara Lee, as a newly-formed consortium of private-equity firms also considers an offer for the US food group.
US: Sara Lee "mulls plans to break up business"
7 January 2011
US food group Sara Lee is reportedly considering splitting its processed meats and coffee operations into two companies.
Editor's choice: the highlights on just-food this week
23 December 2010
The week kicked-off with the news that the purchase of French cheese maker Entremont Alliance by dairy co-operative Sodiaal had been approved.
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