JBS completes acquisition of Cargill pork operations
JBS USA Pork finalized its acquisition of Cargill’s US-based pork business for $1.45 billion.
The completed acquisition, first announced in July, includes two pork processing facilities, five pork feed mills and four hog farms.
“Today’s announcement signifies a strengthening of our pork business through the combination of our established track record of adding value for our customer base and Cargill’s complementary specialty-product offerings, including bacon, antibiotic-free and sow housing production system options,” says Marty Dooley, president and COO of JBS USA Pork.
With this acquisition, JBS says the company’s pork business will have a pro forma net revenue of approximately $6.3 billion, and a processing capacity of about 90,000 hogs per day and two million pounds of bacon per week.