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JBS concludes Cargill Pork acquisition

The Company obtained the necessary regulatory approvals from the competent antitrust authorities, including the Department of Justice in the US, to conclude the transaction without restrictions.

Friday 6 November 2015 (2 years 6 months 14 days ago)

JBS, pursuant to the announcement made in the Material Fact of July 1st, 2015, communicates to its shareholder and to the market in general that its subsidiary JBS USA concluded, on this date, the purchase of certain assets, properties, rights and liabilities, operations and the right of "Cargill Pork".

The completed acquisition includes:

  • Two pork processing facilities in Ottumwa, IA and Beardstown, IL;
  • Five pork feed mills in London, AR; Hedrick, IA; Centralia, MO; Smithton, MO; and Dalhart, TX; and
  • Four hog farms in Morrilton, AR; Umpire, AR; Cameron, OK; and Dalhart, TX.

The Company obtained the necessary regulatory approvals from the competent antitrust authorities, including the Department of Justice in the US, to conclude the transaction without restrictions.

The total amount paid was approximately US$1.450 billion, on a debt-free, cash-free basis, adjusted at closing by the net working capital variation and long-term liabilities of Cargill Pork.

The Cargill Pork acquisition, combined with the existing JBS Pork business in the US, has pro forma net revenue of approximately US$6.3 billion, and a processing capacity of about 90,000 hogs per day and two million pounds of bacon per week.

Friday October 30, 2015/ JBS/ Brazil.
http://jbssa.com

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