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.
JBS is to temporarily reduce the number of workers at ten plants in Brazil to adjust to a decline in domestic beef sales in the wake of the fraud allegations that have hit the sector.
JBS, one of the Brazil-based meat processors at the centre of corruption allegations, has refused to be drawn on a report it is considering suspending the flotation of its overseas operations.
China, one of the Brazilian meat industry major international customers, was among a number of countries to either fully or ease bans on the country's imports that were introduced in the wake of the corruption allegations that have swirled around the sector.
JBS, the Brazilian meat giant and one of the companies embroiled in the Carne Fraca allegations, halted output at 33 of its 36 domestic plants this week, it has revealed.
Brazil-based meat giants JBS and BRF are at the centre of the country's biggest-ever food-related police investigation, which is looking into allegations of bribery involving agricultural inspectors.
JBS, the Brazil-based meat giant, has moved to expand its business in the US through the acquisition of bacon and deli meats business Plumrose USA from Danish Crown, the Denmark-based meat cooperative.
Danish Crown has decided to sell Plumrose USA as the US bacon-to-deli meats business does not fit the Denmark-based meat cooperative bid to grow on the back of investment in northern Europe and Asia.
JBS, the Brazil-based meat processing giant, posted a profit for the fourth quarter of 2016 - after running up a loss for the first nine months - but saw its sales slide during the last chunk of the year.
US poultry group Pilgrim's Pride has booked lower sales and profits for 2016.
Moy Park, the UK meat processor owned by Brazil's JBS, is launching a ready-to-eat Good to Go range of snacks, its latest attempt at taking a bite of its domestic meat snacks category.
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.
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