|Headquarters||Greeley, Colorado, United States|
|Key people||Andre Nogueira, (CEO)|
|Revenue||US$17.7 billion (2012)|
Swift & Company is an American food processing company a wholly owned subsidiary of JBS S.A. (BM&F Bovespa:JBSS3), a Brazilian company that is the world's largest processor of fresh beef and pork, with more than US$40 billion in annual sales as of 2012. It is also the largest beef processor in Australia.
The meat packaging company was founded in 1855 by Gustavus Franklin Swift in Chicago, Illinois. It had even earlier origins in Eastham, Massachusetts, on Cape Cod before moving to Chicago. In addition to meatpacking, Swift sold various dairy and grocery items, including Lazy Maple bacon, Brown 'N Serve breakfast sausage, Swiftning shortening, Allsweet margarine, Brookfield butter, cheese under the Brookfield, Pauly and Treasure Cave brands, and Peter Pan peanut butter. Swift began selling frozen turkeys under the Butterball brand in 1954.
Swift expanded into other fields, including insurance and petroleum, in the 1960s, and formed a holding company, Esmark, in 1973. Two years later, Esmark bought International Playtex from Meshulam Riklis' Rapid-American Corporation.
Esmark left the petroleum business in 1980, selling Vickers Petroleum to Mobil, while Swift's fresh meat business was spun off as a separate company, Swift Independent Packing Company (SIPCO) the same year. Esmark went on to purchase Norton Simon Inc. in 1983 before being purchased by Beatrice Foods the next year. ConAgra purchased fifty-percent of Swift in 1988 and the remaining portion in 1990, the same year ConAgra bought Beatrice Foods.
On October 18, 2012 JBS USA announced management control to run XL Foods Lakeside facility for 60 days with exclusive option to buy XL Foods Canada and US operations. On January 14, 2013 JBS completed purchase of XL Foods Brooks facility and feedyard
In December 2006, six of the company’s meat-packing facilities in Colorado, Nebraska, Texas, Utah, Iowa, and Minnesota were raided by U.S. Immigration and Customs Enforcement officials, resulting in the apprehension of 1,282 illegal aliens from Mexico, Guatemala, Honduras, El Salvador, Peru, Laos, Sudan, and Ethiopia, and nearly 200 of them criminally charged after a ten month investigation into identity theft.
On July 12, 2007 JBS S.A., the largest beef processor in South America and one of the largest worldwide beef exporters, purchased Swift & Company in a US$1.5 billion all-cash deal. The acquisition makes the newly consolidated JBS Swift Group the largest beef processor in the world. Prior to the deal JBS had market capitalization of US$4.2 billion and sales revenue of $2.1 billion, and operated in 23 plants in Brazil and 5 in Argentina.
On July 11, 2007, the Swift companies had also completed several tender offers and consent solicitations for financing notes. These included 10⅛% Senior Notes due 2009 and 12½% Senior Subordinated Notes due January 1, 2010, both issued by Swift & Company, 11% Senior Notes due 2010 issued by S&C Holdco 3 and 10¼% Convertible Senior Subordinated Notes due 2010 issued by Swift Foods Company.
On June 24, 2009, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) announced that JBS Swift Beef Company, a Greeley, Colorado establishment, recalled approximately 41,280 lb (18,720 kg) of beef products that may be contaminated with E. coli O157:H7. By June 30, the recall included over 421,000 lb (191,000 kg). The beef products were produced on April 21 and 22, 2009, and were shipped to distributors and retail establishments in Arizona, California, Colorado, Florida, Illinois, Michigan, Minnesota, Nebraska, Oregon, South Carolina, Tennessee, Texas, Utah and Wisconsin.
On November 4, 2010, the Federal Motor Carrier Safety Administration (FMCSA) ordered JBS Carriers, a subsidiary of JBS to install electronic on-board recorders on their trucks after a compliance review found "serious violation of federal hours-of-service.
The Grain Inspection, Packers and Stockyards Administration assessed a $175,000 civil penalty against JBS/Swift on December 22, 2010 for violations of The Packers and Stockyards Act by failing to disclose when missing Fat-O-Meat’er data has prevented JBS from calculating the lean percentage of a particular pork carcass or carcasses in a seller’s lot; and substituting an undisclosed lean value for pork carcasses with missing data when calculating carcass-merit payment for hogs delivered to JBS’ Worthington, Minnesota, Marshalltown, Iowa, and Louisville, Kentucky, processing plants. The Packers and Stockyards Act is a fair trade practice and payment protection law that promotes fair and competitive marketing environments for the livestock, meat, and poultry industries.
- Cactus, Texas, Location of a JBS Meatpacking plant.
- KD Station, a former Swift & Company plant.
- Porter Jarvis, Chairman and President of Swift & Co., 1955-1967.
- "Contact us". JBS USA. Retrieved 2013-05-17.
- "About Eastham, Massachusetts". Town of Eastham, Massachusetts. Retrieved 2013-05-17.
- "Chicken Brands". JBS. Retrieved 2013-05-17.
- "Immigrations and Customs Enforcement raids Swift & Co. plants in 6 states". CBS News. 11 February 2009. Retrieved 2013-05-17.
- Kate Barrett (30 June 2009). "Battling A July Fourth Beef Recall". ABC News (about-ecoli.com). Retrieved 2013-05-17.
- "Colorado Firm Recalls Beef Products Due To Possible E. coli O157:H7 Contamination" (Press release). USDA FSIS. 24 June 2009. Retrieved 2013-05-17.
- "FMCSA Orders JBS Carriers to Install Electronic On-Board Recorders on its Entire Fleet of Commercial Trucks for Violating Hours-of-Service and Other Federal Safety Regulations" (Press release). FMCSA. 4 November 2010. Retrieved 2013-05-17.
- "JBS USA, LLC, fka Swift & Company and Swift Pork Company Is Assessed a Civil Penalty in the Amount of $175,000" (Press release). USDA GIPSA. 6 January 2011. Retrieved 2013-05-17.