JBS to Pay $25M in Latest Beef Price-Fixing Settlement in US Court

April 20, 2023 Mike Scarcella, Reuters

JBS SA has agreed to pay $25 million to commercial beef purchasers that accused the meat-packing company of conspiring with industry rivals to restrict market supply in order to keep prices artificially high.

Friboi Debuts Two Premium Canadian Beef Brands in Brazil

March 31, 2023 JBS

Friboi, a JBS company leader in the beef segment in Brazil, has just carried out the first ever importation of Canadian beef into Brazil. The unprecedented move will enable the debut of two new premium brands from JBS Canada in the Brazilian market: Canadian Diamond Black Angus and Canadian Diamond Beef. The new products will be marketed by Friboi to customers in retail and food services.

JBS Goes Up in CDP Global Sustainability Ranking

December 30, 2022 JBS

JBS, the world’s largest food company, improved its performance in the CDP 2022 Climate Change Report, the largest and most respected global platform for corporate sustainability information.  In this year’s ranking, which has just been released, the institution raised the Company’s score from B to A- in Climate Change, above the average score (C) for food and beverage companies.

JBS USA Enters Agreement to Acquire Certain Assets from TriOak Foods

December 27, 2022 JBS

JBS USA, a leading global food company, announced it has reached an agreement to acquire certain assets from TriOak Foods, a Midwest-based pork producer, for an undisclosed amount. The two companies enjoy a long-standing business relationship, with JBS USA serving as the exclusive customer of TriOak market hogs since 2017.

JBS to Close U.S. Plant-Based Foods Business, Planterra Foods

October 5, 2022 Tom Polansek, Reuters

Brazilian meatpacker JBS SA is closing its U.S. plant-based foods business, Planterra Foods, after about two years, the company said on Monday.