Agribusiness giant Cargill Inc. has agreed to sell its
U.S.-based pork business to Brazilian meatpacker JBS SA for $1.45
billion.
JBS has completed more than a dozen acquisitions since 2005,
including poultry business Pilgrim's Pride Corp. In June, it
announced a $1.5 billion deal for the European poultry unit of its
local rival Marfrig Global Foods SA.
The deal includes meat processing plants in Ottumwa, Iowa, and
Beardstown, Ill., that processed a total of 9.3 million hogs last
year, as well as five feed mills and four hog farms.
JBS entered the U.S. pork market with the 2007 purchase of Swift
& Co.
Write to Josh Beckerman at josh.beckerman@wsj.com
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