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Latest headlinesPeople & Industry News

JBS completes acquisition of Cargill pork operations

By Jeremy Gerrard
Cargill selling pork business to JBS USA Pork
November 4, 2015

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.

KEYWORDS: food processing industry mergers and acquisitions

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Jeremy Gerrard was Food Engineering's Digital/Online Editor. He is a graduate of Auburn University with a degree in journalism. His previous work experience includes years spent as a reporter with the Daily Local News out of Chester County, PA. In addition to writing feature articles for Food Engineering, Jeremy covered the Dry Processing, Field Reports and People and Industry news sections.

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