JBS USA Pork reached an agreement with Cargill to acquire the company’s US-based pork business for $1.45 billion.
"Today's announcement of our agreement to purchase the Cargill pork operations is a strategic investment in the long-term growth of our domestic and global pork business and demonstrates our continued commitment to the US livestock sector," said Martin Dooley, president and COO of JBS USA Pork. "This transaction will strengthen our position as a producer and supplier of all major animal proteins around the world, and provide increased opportunities for our producer partners and key customers.”