The sale of US meat processor Swift & Co. has been completed, it was announced today (12 July).

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JBS, Latin America’s largest beef processor, said it had sealed the acquisition of Swift from US private equity group HM Capital Partners for US$1.5bn.


The deal will make the consolidated JBS Swift Group will be the largest beef processor in the world.


JBS has operations in 23 plants in Brazil and 5 in Argentina. Swift is the third-largest processor of fresh beef and pork in the US and the largest beef processor in Australia.


The acquisition was first agreed in May. JBS agreed to acquire Swift for $225m and assume some $1.2bn of the company’s debt.

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Swift’s owners announced a strategic review of the business back in January after a run of poor financial results.

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