|Traded as||BM&F Bovespa: JBSS3
|Headquarters||São Paulo, Brazil|
|Key people||Joesley Mendonça Batista (Chairman and CEO)|
|Products||Food and beverages|
|Revenue||US$ 41.0 billion (2013)|
|Profit||US$ 392.2 million (2013)|
JBS S.A. is a Brazilian company that is the largest (by sales) food processing company in the world, producing factory processed beef, chicken and pork, and also selling by-products from the processing of these meats. It is headquartered in São Paulo. It was founded in 1953 in Anapolis, Goias. The company has 150 industrial plants around the world.
JBS was initially established as a slaughtering business by rancher Jose Batista Sobrinho, a rancher in Anápolis, Brazil, in 1953. (The company's name comes from the founder's initials.) Sobrinho's business began to expand when the establishment of Brazil's capital, Brasilia, brought a new market within reach of his ranch. Over the late 1960s Sobrinho expanded into owning slaughterhouses; then, in the 1980s, the company began expanding within Brazil and purchasing other meat processing companies. JBS became a publicly held company in 2007, and in the same year received a major investment from BNDES (Brazilian Development Bank).
In subsequent years, the company has grown to become the world's largest company in the beef sector with the acquisition of several stores and food companies in Brazil and the world, including the 2007 US$225m acquisition of U.S. firm Swift & Company, which was the third largest U.S. beef and pork processor, renamed as JBS USA. It leads the world in slaughter capacity, at 51.4 thousand head per day, and continues to focus on production operations, processing, and export plants, nationally and internationally.
With the new acquisition, JBS entered the pork market, featuring an impressive performance in this segment, to end the year as the third largest producer and processor of this type of meat in the United States. The acquisition expanded the company's portfolio to include rights to the worldwide use of the Swift brand.
The next year, JBS acquired Smithfield Foods' beef business. It was renamed JBS Packerland.
JBS's production structure is embedded in consumer markets worldwide, with plants installed in the world's four leading beef producing nations (Brazil, Argentina, USA, and Australia), serving 110 countries through exports.
On September 16, 2009, JBS announced that it had acquired the food operation of Grupo Bertin, one of three Brazilian market leaders, consolidating its position as the largest beef producer in the world. The banks JP Morgan Chase and Santander Brasil assisted in the transaction. On the same day it was announced that the company had acquired 64% of Pilgrim's Pride for a bid of $800 million US dollars (www.sec.gov), establishing JBS's position in the chicken production industry, but currently the company owns 75.3% of Pilgrim's Pride.
In August 2010, it was reported that JBS is considering to sell some of the eight slaughterhouses it owned in Argentina because of "scarce livestock and export restrictions".
As of 2011, JBS had been trying to bid to gain control of Sara Lee Corporation's meat business. JBS has shown interest in the meats business but struggled to push forward with a bid for the entire company.
Board of Directors
- Joesley Mendonça Batista.
- Wesley Mendonça Batista.
- José Batista Sobrinho.
- José Batista, Jr..
- Marcus Vinicius Pratini de Moraes.
- Natalino Bertin.
- Peter Dvorsak.
- Valere Batista Mendonça Ramos.
- Vanessa Mendonça Batista.
- Guilherme Radolfo Laager.
- Carlos Alberto Caser.
- Umberto Conti.
- Juliboni, Márcio (2011-03-24). "JBS encerra 2010 com prejuízo líquido de R$ 264 milhões". Exame, 24 March 2011. Retrieved from http://exame.abril.com.br/negocios/noticias/jbs-encerra-2010-com-prejuizo-liquido-de-r-264-milhoes/.
- JBS S.A. (2011). "Contact us". "Address Avenida Marginal Direita do Tietê, 500 Vila Jaguara - São Paulo/SP - Brazil CEP: 05118-100." Retrieved on 2011-02-03 from http://www.jbs.com.br/FaleConosco.aspx.
- Keren Blankfeld (2011-05-09). "JBS: The Story Behind the World's Biggest Meat Producer". Forbes.
- Elzio Barreto (2007-05-29). "Brazil's JBS-Friboi to buy Swift for US$225 mln". Reuters.
- "JBS seen struggling to sell Argentine beef plants". Reuters. 2010-08-31.
- UPDATE 1-JBS shares fall amid fears of new bid for Sara Lee, Reuters
- , Bloomberg
- Board of Directors
|Wikimedia Commons has media related to JBS S.A..|
- Official Corporate Site, in Portuguese, Spanish, and English
- Official Bertin Site, in Portuguese
- About the incorporation of Pilgrim's Pride and Grupo Bertin, in language Portuguese.
- Swift & Company Website
- Pilgrim's Pride Corp. company website
- Pilgrim's Pride Pierce Chicken division website
- PFS Distribution company website
- Gold Kist website