JBS Withdraws Offer for Pilgrim’s Pride Shares

February 23, 2022 BizWest

JBS SA, the Brazilian parent of JBS USA, based in Greeley, has withdrawn its bid to acquire all outstanding shares of Pilgrim’s Pride Corp. (Nasdaq: PPC), the Greeley-based poultry-processing company.

Ranchers Disturbed by Meat Packer Settlement

February 16, 2022 Lane Nordlund, KTVQ

The National Cattlemen’s Beef Association (NCBA) said there were disturbed by the announcement. The group wants to know what has happened to the cattle industry’s demands for a federal investigation into the beef markets going back to 2019.

Beef Giant JBS to Pay $52.5M to Settle Price-Fixing Lawsuit

February 8, 2022 JOSH FUNK Associated Press

Colorado-based JBS didn’t admit any wrongdoing as part of the settlement, and company spokeswoman Nikki Richardson said JBS will continue to defend itself against other plaintiffs in the case, but she said JBS decided the settlement was “in the best interest of the company.”

JBS Acquires King’s Group and Premium Italian Charcuterie Brands

December 20, 2021 JBS

JBS, the world’s leading global protein-based food company, has signed an agreement to acquire 100% of King’s Group by its subsidiary Rigamonti, currently the leader in production of bresaola. With this acquisition, JBS will have a presence in Italy’s three largest regions for specialties of pork with the D.O.P. and I.G.P. seals — Protected Denomination of Origin and Protected Geographical Indication.

JBS is Entering The Cultivated Protein Market With the Acquisition of Biotech Foods and the Construction of a Plant in Europe

December 1, 2021 JBS

JBS, the largest global protein company and the world’s second-largest food industry, has entered into an agreement to acquire control of Spanish company BioTech Foods. The deal signals the company’s entry into the cultivated protein market, which consists of producing food from animal cells and includes investment in building a new plant in Spain to scale up production. Along with the acquisition, JBS is also announcing the setting up of Brazil’s first cultivated protein research & development (R&D) center.