7/02/2015

JBS purchase U.S. Cargill pork assets for $1.45 billion

JBS SA, the world's largest meat packer, is buying Cargill Inc's U.S. pork business for $1.45 billion, free of debt, a deal that would make it one of the largest and most powerful meat companies in the United States. The bid by the company's JBS USA subsidiary comes just over a week after Brazil-based JBS said it would buy Moy Park Ltd, the British unit of rival Marfrig Global Foods SA and marks the latest sign of consolidation in the U.S. protein sector.