JBS, the Brazilian meat processing giant, has announced a capital injection of $85 million to expand its manufacturing capabilities in Saudi Arabia, positioning the country as a strategic hub for its halal operations. The investment encompasses the expansion of the company’s processed food facility in Jeddah and upgrades to its existing plant in Dammam. According to the company, the Jeddah unit (which focuses on breaded chicken products such as nuggets) …
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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 …
JBS, the global meat producer, has announced plans to invest $100 million to acquire a facility in Ankeny (IA) to establish its largest US ready-to-eat bacon and sausage plant. The facility, spanning 186,000 sq ft, will be transformed to produce fully cooked bacon and sausage products, having previously produced other food items for Hy-Vee stores. Commenting on the move, JBS USA chief executive officer Wesley Batista Filho said: “Today’s announcement aligns with …
JBS, the global meat company, has announced plans to invest $135 million in the construction of a state-of-the-art sausage production facility in Perry (IA). The new facility is expected to produce 130 million pounds of sausage annually. It will initially operate with one shift and 250 staff, with plans to expand to two shifts and double the workforce. Subject to approval, the project will generate 500 direct jobs. Commenting on …
JBS, the global meat company, has announced plans to invest R$216 million ($37.6 million) in four units in the Brazilian state of Santa Catarina for its Seara business. Founded in 1956, Seara specialises in the manufacturing and sale of chicken, pork, processed foods and plant-based meat substitutes. This investment is intended for the upgrade and expansion of a pork processing site in Itapiranga, a poultry facility in Bom Retiro, and …
Global meat firm JBS has announced the acquisition of a 50% stake in egg specialist Mantiqueira, entering a new product category in the process. Mantiqueira currently has facilities in six Brazilian states but its products are available in ten more and also exported. Its brands include Happy Eggs and Fazenda da Toca. Commenting on the deal, JBS global CEO Gilberto Tomazoni said: “This investment is in line with our long-term strategy, which …
JBS, the global meat company, has announced plans to invest $2.5 billion in Nigeria over the next five years to built one pork, two beef and three poultry meatpacking facilities. The company said the project would focus on promoting sustainable agricultural practices , similar to similar initiatives in other regions Commenting on the move, JBS Global CEO Gilberto Tomazoni said: “Our experience in regions where we operate worldwide shows that developing …
JBS, the Brazilian meat firm, has started construction of what it claims is the first research & development centre in Brazil for cultivated protein. Located in Florianopolis, in the state of Santa Catarina, the new facility is planned to be built in three phases via an estimated investment of $62 million, with the aim of making the production of cell-cultured meat more affordable, efficient, and scalable. The hub will be …
Global meat firm JBS has decided to discontinue its US plant-based foods unit Planterra Foods, according to a FoodBev report. The firm will reportedly now focus its efforts in plant-based foods Brazil and Europe, where its customer base and market share are said to be growing. Nikki Richardson, head of corporate communications at JBS USA, said: “JBS USA has made the decision to discontinue operations in its US-based Planterra business …
Global protein-based food company, JBS, has entered into an agreement to acquire King’s Group by its subsidiary Rigamonti. The deal will help JBS to strengthen its presence in the United States and Europe. With an investment of €82 million (US$ 92.5 million), the company acquires four plants in Italy and the entire operation of Principe in the United States, having a portfolio and structure for producing and distributing authentic Italian …
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