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JBS Buys Cargill Pork Division

Photo: WNAX


JBS SA, has received a commitment for up to $1.2 billion of long-term financing to be used with cash on hand to pay for the acquisition of Cargill Inc.’s pork business in the U.S. Earlier this month Swift Pork Company signed an agreement for JBS to buy the Cargill pork business for $1.45 billion. Steve Meyer with Express Markets says Cargill was progressively run, but with JBS as the world’s largest meat processor it will give the business a global advantage.

Meyer says he doesn’t anticipate many changes to Cargill’s pork operations so pork producers should anticipate business as usual.

He says the sale will be reviewed by the Justice Department, but shouldn’t set off any red flags.

Combined with Cargill’s pork operations, JBS’s U.S. pork businesses would have sales of around $6.3 billion and the capacity to process a total of 89,300 animals a day. Those figures would put it behind only Smithfield Foods Inc. in the pork segment in the U.S.