“Market Cap $9.58 B As of May 2014
At a Glance
- Industry: Food Processing
- Founded: 1953
- Country: Brazil
- CEO: Wesley Mendoca Batista
- Website: www.jbs.com.br
- Employees: 140,000
- Sales: $43.02 B
- Headquarters: S?o Paulo
#637 Global 2000
- #203 in Sales
- #1331 in Profit
- #773 in Assets
- #1125 in Market value
JBS SA is an animal protein processing company, which involves in the areas of food, leather, products for pets, biodiesel, collagen, cans and cleaning products. The company engages in the operation of slaughter facilities, cold storage of cattle meat, meat processing operations for the production of beef, meat by-products and canned goods. It operates through three segments: Beef, Chicken, and Pork. The Beef segment is engaged slaughter facility, cold storage and meat processing operations for the production of beef preservatives, fat, feed, and derivate products. The Poultry segment is represented by in natura products, refrigerated as a whole or in pieces. The Pork segment slaughters, processes and delivers in natura products. JBS was founded by Jose Batista Sobrinho in 1953 and is headquartered in Sao Paulo, Brazil.“
JBS was founded in 1953 when José Batista Sobrinho opened a small plant capable of processing up to five head of cattle per day in Anápolis, Goiás, located in Brazil’s Midwest region.
The Casa de Carnes Mineira was founded in Anápolis (GO).
1970 to 2001
JBS quickly expands its beef production operations in Brazil. Through acquisitions and investments in existing units, the company is able to process 5.8 thousand head of cattle per day.
2001 to 2006
The group is responsible for 21 plants in Brazil and five in Argentina and has increased its processing capacity to 19.9 thousand head of cattle per day. In 2005, the company begins its international expansion and acquires a 100% stake in Swift-Armour, Argentina’s largest beef producer and exporter.
JBS is the first meat processing company to go public on the Brazilian stock market. The same year, the company expands further after acquiring Swift Company, from the US, marking its entry into the US and Australian beef and pork markets.
The company acquires the Australian Tasman Group, Smithfield Beef, the cattle division of Smithfield Foods, a US company, and the Five Rivers confinement operation, capable of fattening 2 million animals per year.
JBS incorporates Bertin, at that time Brazil’s second-largest meat processing company, and takes a controlling stake in Pilgrim’s Pride, its first step into the US poultry market. The company also increases its daily processing capacity in Brazil by 5150 head of cattle after acquiring five new units.
The group acquires Tatiara Meats and the assets of Rockdale Beef, in Australia, as well as the Toledo Group in Belgium. It also announces its acquisition of the McElhaney confinement operations in the USA and increases its Pilgrim’s Pride stake to 67.27%. Between April and May 2010, it issues a primary public offering of 200 million ordinary shares, equivalent to 1.6 billion BRL.
In the US, JBS once again increases its Pilgrim’s Pride stake to 75.3% of the company. In Brazil, it increases its annual processing capacity to 2 million head of cattle and initiates poultry operations, increasing its global poultry processing capacity by 50% after leasing several assets from Frangosul. Vigor, a subsidiary, is split off from JBS and goes public, creating an independent corporate structure.
The company acquires Seara Brasil and consolidates its position as a global poultry processor. The transaction increases its daily production capacity by 33% for chicken, 30% for pork and 14% for leather and the number of employees rises 30%. Additionally, the group enters the industrialized foodstuffs market, becoming Brazil’s second-largest production and distribution platform for added value products.”
*Information from Forbes.com and Jbs.com.br
**Video published on YouTube by “JBS S.A.“