Insights and Stories on JBS USA

Dec. 7, 2018 at 4:03 pm CST

Brasilia | Reuters –– U.S. investigators this week visited Brazil to question shareholders of J+F Investimentos, the holding company that controls meatpacker JBS SA, as part of an existing plea deal, Brazilian prosecutors said on Friday in a statement. U.S. authorities have been investigating the companies controlled by J+F since […]

By Reuters

Mar. 29, 2018 at 1:17 pm CDT

Sao Paulo | Reuters — JBS SA, the world’s largest meatpacking firm, remains intent on a stock market listing of subsidiary JBS Foods International in the U.S. despite corruption and food safety scandals, executives said on Thursday. In April all of JBS operations will meet U.S. auditing and compliance requirements […]

By Ana Mano, Paula Laier

Jun. 7, 2017 at 3:37 pm CDT

Chicago | Reuters — Brazilian meat packer JBS SA’s core U.S. assets, including its majority stake in Pilgrim’s Pride Corp., are not for sale, the company said on Wednesday, a day after announcing a deal to sell Argentine operations. U.S. chicken company Pilgrim’s Pride is critical to JBS’ long-term strategy […]

By Tom Polansek

Oct. 26, 2016 at 4:18 pm CDT

Sao Paulo | Reuters — JBS SA has scrapped a program to move some operations outside Brazil after a government agency vetoed the move, sending shares of the world’s biggest beef exporter tumbling and dealing a blow to a plan to become a global food processing powerhouse. In a Wednesday […]

By Guillermo Parra-Bernal, Reese Ewing

Aug. 17, 2016 at 5:27 pm CDT

New York | IFR — A sufficient number of JBS bondholders have agreed to amend indentures allowing for a global reorganization of the meatpacker, the company said Wednesday. Under the plan, the company’s global operations and Brazil-based food processor Seara Alimentos will regroup under a new Ireland-based company, JBS Foods […]

By Paul Kilby