JBS - food industry company news 
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.
BRAZIL: JBS acquires poultry firm Agroveneto
5 November 2012
Brazilian beef firm JBS has entered into an agreement to acquire local poultry processor Agroveneto.
US: Pilgrim's Pride continues profit streak
31 October 2012
US poultry producer Pilgrim's Pride has reported its third consecutive quarterly profit, with the bottom line boosted by restructuring initiatives.
CANADA: XL Foods re-opens Alberta facility
25 October 2012
The Canadian Food Inspection Agency (CFIA) has allowed XL Foods to re-open the facility at the centre of an e. coli scare after an assessment of its food safety controls.
CANADA: JBS to manage XL Foods
18 October 2012
Brazilian beef firm JBS has entered into an agreement that will see its US business assume operational control of the Canadian operations of XL Foods, the company at the centre of a large-scale food scare.
ARGENTINA: JBS appoints Kahl president Argentina unit
18 September 2012
Brazil-based meat processor JBS has appointed Gustavo Kahl as the president of its Argentinian operations.
AUS: JBS to close loss-making King Island facility
11 September 2012
Brazil-based meat processor JBS is to close its loss-making King Island processing facility in Australia, placing around 70 jobs at risk.
BRAZIL: Meat giant JBS books H1 profit
15 August 2012
Brazil-based meat processor JBS has reported a first-half profit of over BRL285m (US$140.6m), swinging from a loss of BRL34m a year earlier.
Focus: Moscow adds to worries over grain harvests
18 July 2012
The Russian government has lowered its forecast grain harvest as poor weather conditions look set to damage the region's crop output. The news will concern the food industry, adding to spiking grain prices amid concerns over a supply shortfall. Katy Askew reports.
Comment: Market awaits verdict on grain outlook
10 July 2012
The futures market for grain products, particularly corn and soybean, retreated from record highs today (10 July) after a two-week run that one analyst described as "breathtaking". However, rather than signifying the return of stability to the market, it seems likely that traders are catching their breath as they await the USDA's monthly crop estimates.
Deal or no deal: Hillshire Brands lists... and is in play
29 June 2012
Shares in Hillshire Brands, formerly part of Sara Lee, rose today (29 June) as the pure-play US meat company listed on the New York Stock Exchange. Michelle Russell takes a look at what lies ahead for the firm as analysts suggest it may become a takeover target.
