JBS completes transaction to purchase two beef processing facilities
Greeley, Colo. – JBS USA, a wholly owned subsidiary of Brazil’s JBS S.A., has announced it will complete the transaction to purchase the U.S. operations of Edmonton, Alta.-based XL Foods.
JBS USA will assume ownership of beef packing plants in Omaha, Neb. and Nampa, Idaho. Together the two plants have the capacity to process more than 2,000 head of cattle per day, although the Nampa plant is currently inactive. JBS says it has no immediate plans to reopen the facility.
The transaction completes the agreement between JBS and XL Foods announced in October 2012.
In January JBS S.A. completed the acquisition of certain Canadian operations of XL Foods, including beef packing plants in Calgary and Brooks, Alta., as well as a feedlot in Brooks and the adjacent farmland acreage supporting its operation.
JBS USA, based in Greeley, Colo., processes beef, pork and lamb in the U.S., beef in Canada, and beef and lamb in Australia. The company is also a majority shareholder of U.S. poultry processor Pilgrim’s Pride Corporation.
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