JBS USA Pork will acquire Cargill’s US pork business for US$1.45 billion, which is subject to regulatory review and approval.
Included in JBS’ acquisition of Cargill’s pork business are two Midwest meat processing plants, one in Ottumwa, Iowa, and the other at Beardstown, Ill.
Both plants were acquired by Cargill in 1987, and in 2014 they processed a total of 9.3 million hogs.
The purchase by JBS also includes five feed mills (two in Missouri, and one each in Arkansas, Iowa and Texas), and four hog farms (two in Arkansas and one each in Oklahoma and Texas).
JBS first entered the US pork market with the acquisition of Swift & Company in 2007 and has steadily improved performance ever since.
The company has more than 6,000 team members and the total daily capacity to process more than 50,000 hogs at processing facilities in Marshalltown, Iowa; Worthington, Minn.; and Louisville, Ky.
JBS USA Pork offers a wide selection of Swift and Swift Premium.
The announced transaction will enhance JBS USA Pork’s ability to meet increasing global demand for high-quality, innovative fresh and frozen pork products.