JBS S.A. Acquisition of National Beef is Terminated
US - JBS S.A. has terminated the acquisition process of National Beef Packing Company, LLC effective 23 February 2009.
20 February 2009
1 minute read
All related litigation with the Department of Justice will also be terminated.
JBS announced the acquisition of National Beef on 4 March 2008.
The Department of Justice of the United States Government filed a suit to block the deal on 20 October 2008 on competition grounds.
JBS endeavoured to encounter a solution with the parts involved but in the absence of satisfactory conditions decided not to follow on with the acquisition.
The Company, a world leader in beef production, will continue to pursue further efficiencies at all it’s other units within the US totaling 8 cattle slaughter plants with a daily capacity of 28,100 head, three pork slaughter plants with a daily capacity of 47,900 head, a case-ready plant and a lamb slaughter plant as well as related operations in Australia, Italy, Argentina and Brazil where the headquarters are located. The Company also operates 11 cattle feed yards in six different US states.
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