JBS okayed to acquire U.S. plants
According to Feedstuffs.com, the U.S. Department of Justice has closed its investigation of the antitrust implications of the acquisition of two U.S. beef packing plants by JBS S.A. without taking any enforcement action.
This means that JBS can conclude its acquisition of the two plants — a cattle plant in Nampa, Ida., and a cow plant in Omaha, Neb. Both plants were owned by XL Foods in Canada, which had shuttered the Nampa plant some time ago.
JBS acquired XL Foods earlier this year for $50 million in cash and $50 million in JBS stock (Feedstuffs, Jan. 14).
The acquisition included XL’s beef plants in Brooks and Calgary, Alb., and the farmland and feedlot associated with the Brooks facility.
The acquisition also included the two U.S. plants, although JBS put their takeover on hold pending the antitrust investigation.
The acquisition will be concluded through JBS Foods Canada Inc., a division of JBS USA in Greeley, Colo., the U.S. business of JBS, which is headquartered in Sao Paulo, Brazil.