M&A Deal Summary

JBS Acquires Smithfield Beef Group

On October 28, 2008, JBS acquired food company Smithfield Beef Group from Smithfield Foods for 565M USD

Acquisition Highlights
  • This is JBS’s 3rd transaction in the Food sector.
  • This is JBS’s 5th largest (disclosed) transaction.
  • This is JBS’s 3rd transaction in the United States.
  • This is JBS’s 1st transaction in Arizona.

M&A Deal Summary
Date 2008-10-28
Target Smithfield Beef Group
Sector Food
Buyer(s) JBS
Sellers(s) Smithfield Foods
Deal Type Divestiture
Deal Value 565M USD

Target

Smithfield Beef Group

Tolleson, Arizona, United States
Smithfield Beef Group, Inc. engages in processing and supplying beef products to food retailers and foodservice industries throughout the Southwest and California.

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Buyer(S) 1

Buyer

JBS

São Paulo, Brazil

website

Category Company
Founded 1953
Sector Food
Employees250,000
Revenue 270.2B BRL (2020)
DESCRIPTION
JBS office in Greeley, Colorado.
JBS office in Greeley, Colorado.

JBS is a global producer and processor of beef, chicken and pork, and other meat products. JBS was established in 1953 and is based in São Paulo, Brazil.

DEAL STATS #
Overall 3 of 11
Sector (Food) 3 of 10
Type (Divestiture) 1 of 4
State (Arizona) 1 of 1
Country (United States) 3 of 5
Year (2008) 1 of 1
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-12 S&C Holdco 3

Greeley, Colorado, United States

S&C Holdco 3, Inc. is a provider of processed food.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-16 Bertin

São Paulo, Brazil

Bertin Ltda. is a producer of beef products.

Buy -

Seller(S) 1

SELLER

Smithfield Foods

Smithfield, Virginia, United States

website

Category Company
Founded 1961
Sector Food
Employees47,900
DESCRIPTION

Smithfield Foods, Inc., brings good food to families and friends around the world in a responsible manner. Smithfield produce many popular products like hams, bacon and sausage.

DEAL STATS #
Overall 2 of 6
Sector (Food) 2 of 4
Type (Divestiture) 2 of 5
State (Arizona) 1 of 1
Country (United States) 1 of 3
Year (2008) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-30 Campofrio Food Group SA

Madrid, Spain

Campofrio Food Group SA is one of the largest companies in the processed meats sector, company are in many ways, the industry standard because of in-depth knowledge of customers and consumers which allows to generate growth opportunities in all markets, and to deliver goal: to become one of the leading European food companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-04 Maverick Food

Heshan, China

Maverick Food Co. Ltd. focuses mainly on hot dogs and other sausages, whole and sliced ham, bacon, Chinese style processed meat, and frozen and convenience food.

Sell -
Mergr

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