Brazil: JBS to divest from Jack Link’s joint venture

JBS, the world’s largest meat processing company, is set to exit its long-standing meat snacks partnership with US-based manufacturer Jack Link’s.

The Brazilian giant has filed a formal petition with the Administrative Council for Economic Defense (CADE), Brazil’s competition authority, to approve the sale of its 50% stake in Meat Snack Partners. Under the terms of the transaction, the venture will be acquired by LSI Inc., a Minneapolis-based entity representing Jack Link’s, alongside Troy Link, the company’s current CEO. While specific financial details were not disclosed, the deal marks the conclusion of a partnership established in 2010.

The joint venture originally focused on producing Jack Link’s branded beef jerky at two JBS facilities in São Paulo for both domestic and international export. Historically, JBS provided raw materials and production infrastructure, while operations were managed jointly. This divestment follows a period of adjustment for JBS, including recently securing shareholder approval for a dual listing on the New York and São Paulo stock exchanges.

Jack Link’s, a privately held firm headquartered in Wisconsin, has been expanded its protein snack footprint recently, including the 2025 acquisition of Australian brand Kooee! and the 2020 purchase of Golden Island Jerky from Tyson Foods.

Source: The Poultry Site / Just Food / Cibus Link / JBS