JBS S.A.

JBS S.A

Type	Sociedade Anônima
Traded as	BM&F Bovespa: JBSS3
Industry	Food processing
Founded	(1953)
Headquarters	São Paulo, Brazil
Key people	Joesley Mendonça Batista, (Chairman & CEO)
Products	Food and beverages
Revenue	US$ 34.9 billion (2010)
Net income	- US$ 198.0 million (2010)
Employees	125.000
Subsidiaries	JBS USA Pilgrim's Pride Vigor
Website	www.jbs.com.br

JBS (BM&F Bovespa: JBSS3) is the largest Brazilian multinational in the food industry, producing fresh, chilled, and 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 established itself as the world's largest company in the beef sector with the acquisition of several stores and food companies in Brazil and in the world, with emphasis on 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 U.S. The acquisition expanded the company's portfolio to include the rights worldwide use of the Swift brand.

The next year, JBS acquired Smithfield Foods's beef business. It was renamed JBS Packerland.

JBS's production structure is embedded in consumer markets worldwide, with plants installed in the world's 4 leading beef producing nations, Brazil, Argentina, USA and Australia, serving 110 countries through exports.

Timeline

On September 16, 2009, the company 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 67.3% of Pilgrim's Pride.

In August 2010, it is reported that the Company is considering to sell some of the eight slaughter houses it owned in Argentina because of "scarce livestock and export restrictions."

As of 2011, JBS has 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.

Consolidated quarterly statements of income

Values in millions of reais.

Variable	1Q2010	2Q2010	3Q10	4Q10	1Q11	2Q11
Net sale revenue	12,207	Example	Example	e	14,673
Cost of goods sold	(10.809)	Example	Example	e	(12.984)
Gross income	1.399	Example	Example	e	1.688
Net income	(82)	Example	Example	e	(29)

External links

• 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