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JBS has refused to comment on speculation it is looking to raise funds through an IPO of its poultry and processed foods division.BRAZIL: JBS silent over poultry unit IPO report

14 April 2014

Brazilian meat firm JBS has refused to comment on "press speculation" it plans to raise BRL3bn (US$1.36bn) through an initial public offering of its poultry and processed foods division.

BRAZIL: FY profits up at meat giant JBS

25 March 2014

Brazil-based meat group JBS has booked a 29% jump in earnings for 2013 thanks to a domestic poultry acquisition and the "best ever" year for US chicken arm Pilgrim's Pride.

On the money: Marfrig eyes growth opportunities despite 2013 losses

12 March 2014

Marfrig CEO Sergio Rial was upbeat about the progress he saw at the Brazil-based meat processor yesterday (11 March), insisting the company was "more stable" than in previous years despite falling into the red in 2013.

BRAZIL: JBS to acquire pasta maker Massa Leve

23 December 2013

Brazilian meat giant JBS has struck a deal to buy local pasta manufacturer Massa Leve.

BRAZIL: Debt weighs on JBS net profit

14 November 2013

Brazilian meat group JBS booked a decline in third-quarter net profit, dragged down by financing costs incurred to fund the acquisition of poultry business Seara.

US: Profits up at poultry group Pilgrim's Pride

31 October 2013

Profits at Pilgrim's Pride, the US poultry processor, continued to grow in the third quarter on the back of improved efficiency and higher sales.

RUSSIA: Moscow puts restrictions on Brazil beef imports

26 September 2013

Russia has decided to limit beef imports from plants in Brazil after inspections found alleged breaches of regulations.

BRAZIL: Improved beef, chicken demand boost JBS H1

15 August 2013

Brazil-based meat giant JBS recorded a jump in earnings in the first half, boosted by growth in its US beef and chicken operations and a favourable exchange rate.

US: Pilgrim's Pride Q2 earnings more than double

1 August 2013

Pilgrim's Pride has booked a jump in second-quarter net profit thanks to an improved product mix and efficiency gains.

BRAZIL: Marfrig revamps beef business

4 July 2013

Brazil-based food group Marfrig is to split its beef business into two operational units - one for its domestic market and one for southern parts of South America.

US: Smithfield investor claims Shuanghui offer "undervalues" pork group

17 June 2013

Investment firm Starboard Value, which holds a 5.7% stake in Smithfield Foods, has suggested the proposed takeover of the US pork processor by China's Shuanghui International "significantly" undervalues the company.

Editor's choice: the highlights on just-food last week

17 June 2013

The latest just-food interview saw the boss of Nestle's business in Greater China discuss the food giant's strategy in the market and why he believed the world's largest food manufacturer had the edge on its rivals in the region. It was a week of a number of notable pieces of M&A, including Canadian retailer Sobeys' move to buy Safeway Inc's business in Canada and JBS's deal to acquire Seara Brasil from local meat rival Marfrig.

Quote, unquote: just-food's week in words

17 June 2013

This week, just-food spoke with the CEO of Nestle Greater China, Roland Decorvet, who went into detail about the company's strategy in China and the challenges it faces there. We also garnered analysts' thoughts on Amazon's plans for its US grocery business and Carrefour's prospects for the African market. Elsewhere, JBS announced a deal to buy domestic poultry business Seara Brasil, Sobeys bought Safeway's Canadian operations, and B&G Foods snapped up Pirate Brands.

BRAZIL: Marfrig "optimistic" about future after Seara Brasil sale

11 June 2013

Marfrig has said the sale of its domestic poultry business would make the Brazil-based meat group "stronger" and allow it to focus on growth opportunities elsewhere.

US: Former A&P CFO Silcock joins Diamond Foods

11 June 2013

Kettle Chips owner Diamond Foods has named former A&P CFO Raymond Silcock as its new finance chief.

BRAZIL: JBS to buy Marfrig's domestic poultry unit

10 June 2013

Brazilian meat giant JBS is to buy domestic poultry business Seara Brasil from local rival and fellow international meat processor Marfrig.

US: CP Foods, JBS unlikely to table rival Smithfield bids

30 May 2013

Thai food giant Charoen Pokphand Foods and Brazilian meat group JBS look unlikely to table counter bids for Smithfield Foods after claims they were considering buying the US pork processor before it agreed to a takeover offer from China's Shuanghui International.

BRAZIL: Beef sales boost JBS Q1

15 May 2013

JBS, the world's largest beef producer, has recorded an increase in first-quarter earnings as beef prices and sales volumes in its domestic market increased.

The week ahead - Wal-Mart Q1s, Post Holdings H1, ProTerra conference

13 May 2013

US breakfast cereal group Post Holdings kicks off a relatively quieter week of results with its half-year numbers on Monday. On Tuesday, meat giants Marfig and JBS will report on how it fared in the first three months of the year - as will Wal-Mart on Thursday. The week also includes an international conference in the Netherlands looking at the sustainable cultivation of soy.

US: Poultry group Pilgrim's Pride books higher Q1 profits

3 May 2013

US poultry group Pilgrim's Pride has reported a near-40% jump in first-quarter profits as a broader product mix boosted sales.

BRICs and beyond: Vigor eyes dairy top spot in Brazil

3 April 2013

When Brazilian dairy processor Vigor bought 50% of rival Itambé in February, it said it went from being the fourth-largest in the country to third. However, its ambitions do not stop there, writes Paula Krizanovic.

BRAZIL: Meat giant JBS back in black in 2012

14 March 2013

JBS, the world's largest beef producer, swung back into the black in 2012, helped by its businesses across South America and by a profitable performance from its US poultry unit.

BRAZIL: Value-added push boosts dairy group Vigor

7 March 2013

A focus on selling more yoghurt and cheese has boosted annual earnings at Brazilian dairy processor Vigor.

BRAZIL: Dairy group Vigor buys 50% stake in rival Itambe

22 February 2013

Brazilian dairy group Vigor has acquired a 50% stake in local co-operative rival Itambe.

HORSEMEAT: Nestle recalls ready meals in Spain, Italy

19 February 2013

Nestle has recalled two beef ready meals on sale in Spain and Italy after tests returned positive for horse DNA.

BRAZIL: JBS completes Independencia Group takeover

1 February 2013

Brazilian beef group JBS has completed the acquisition of local indebted beef processor Independencia Group.

CANADA: JBS closes in on XL Foods

10 January 2013

Brazilians meat firm JBS expects to complete the acquisition of key XL Foods assets within a week, and is seeking regulatory approval to handle the stricken Canadian group's US operations.

CANADA: XL Foods gets US clearance after e. coli scare

11 December 2012

The facility owned by Canada's XL Foods at the centre of an e. coli scare has been allowed to resume exports to the US.

On the money: JBS sees competitive edge in Brazilian beef

14 November 2012

Beef giant JBS has said it will increase beef production levels in its domestic market of Brazil as it looks to capitalise on the lower-cost production model operating in the country.

BRAZIL: JBS profit rises as sales jump

14 November 2012

Brazilian beef group JBS has booked an increase in third-quarter profits as sales rose by almost one-quarter in the period.

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