A Brazil company is buying U.S.-based Swift & Co. for $225 million and assumption of $1.2 billion in debt.
Purchaser JBS SA controls Brazil’s leading beef exporter, Friboi. The acquisition will make JBS the world’s-largest beef company and Brazil’s biggest food company.
The deal should close by July.
Swift, the third-largest U.S. processor of beef and pork, has been operated by private equity firm, HM Capital, which acquired Swift from ConAgra Foods, Inc. in 2002.
Agricultural Research Service (ARS) scientists are tracking how spread of the parasite trichinae (Trichinella spiralis) throughout Europe, North America...
The recession may actually help pork producers because of feed costs are ratcheting down, says Purdue University Extension Marketing Specialist Chris Hurt.
