Insights and Stories on JBS

Apr. 8, 2015 at 10:27 am CDT

Sao Paulo | Reuters — Brazilian meat packer JBS will have sufficient cash flow in 2015 to bankroll potential acquisitions, but for the time being plans to focus on consolidating gains from recent takeovers, CEO Wesley Batista said on Tuesday. The company in late March completed the US$1.125 billion buyout […]

By Reuters

Mar. 4, 2015 at 4:35 pm CST

Sydney | Reuters — Australian regulators have approved a bid by the U.S. arm of Brazilian beef giant JBS to acquire Australian Consolidated Food Holdings Pty. Ltd. (Primo) for an undisclosed sum, Treasurer Joe Hockey said on Wednesday. The approval by Australia’s Foreign Investment Review Board (FIRB), subject to conditions […]

By Reuters

Mar. 2, 2015 at 5:00 pm CST

Sao Paulo | Reuters — Striking truck drivers resumed some roadblocks in Brazil on Monday, disrupting grain and meat shipments to southern ports even as the government cracked down on protesters and promised to give new benefits to the transport sector. By mid-afternoon there were 23 road blockages in three […]

By Caroline Stauffer, Marcelo Teixeira

Feb. 27, 2015 at 6:48 pm CST

Rio de Janeiro | Reuters –– Brazilian meatpacker JBS SA said on Friday it was cancelling an initial public offering of its processed food unit JBS Foods due to unfavourable market conditions. This is the fourth time JBS, the world’s largest meatpacker, suspended plans for the IPO of JBS Foods. […]

By Reuters

Jan. 29, 2015 at 6:25 pm CST

Chicago | Reuters –– JBS USA, one of the top U.S. meat processors, said Thursday it will expand a Utah beef processing facility, even as some of its rivals have been shuttering plants because of tight cattle supplies. The project is notable because the U.S. cattle herd has fallen to […]

By Reuters