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JBS USA history
JBS USA company history timeline
In 1956, when Brazil's new capital, Brasilia, was being built 125 miles to the east, he provided meat to its butchers and restaurants.
1968 The first acquisition Acquisition of the first meatpacking plant in Planaltina (DF).
In 1968 Sobrinho bought a small slaughterhouse, boosting the number of cattle slaughtered to 100 a day.
1970 Growth was just beginning The second abattoir was incorporated by the company, increasing capacity to 500 head per day.
In 1996 Batista brought on Jeremiah O'Callaghan, now JBS' investor-relations director, with the charge of taking JBS global.
Here meaning running family-controlled JBS S.A., the world's largest meat producer, ranked 766 in The Global 2000 list of the world's biggest companies.
In 2005, the Company acquired 100% of Swift-Armour capital, Argentina’s biggest beef producer and exporter.
In 2005 JBS bought Swift Armour S.A., Argentina's largest bovine meat producer and exporter.
2007 IPO of JBS S.A. and entry into the United States market JBS became the first in the sector to go public on the São Paulo stock exchange.
2007 With the acquisition of Swift & Company, JBS USA is created with a presence in the United States and Australia
The story goes that when Wesley Mendonça Batista arrived in Greeley, Colo. in 2007 from Brazil he sported the basic cowboy gear of jeans, boots and hat.
In 2007 it launched an IPO in Brazil.
JBS purchased its first United States meat plants in 2007, using Brazilian bank loans the owners secured illegally, court records show.
In 2007, JBS bought pork and beef producer Swift and Co.
Since entering the United States market in 2007, JBS has spent more than $7.7 million on lobbying, records show, making it the fourth-largest spender in the meat processing industry.
2008 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.
In 2008, it purchased the beef operations of Smithfield Foods.
2009 Entry in the poultry segment in the USA and merger with Bertin in Brazil JBS increased its slaughter capacity by 5,150 head per day with acquisition of five units in Brazil, and incorporated Bertin, which until then the second-largest meat operation in Brazil.
2011 Focusing on Operations The Board of Directors elected Wesley Batista as executive president and global CEO of JBS S.A., replacing Joesley Batista who became Chairman of the Board of the Group.
2012 Exchange Offer and Vigor’s IPO In the Unites States, JBS again increased its share in Pilgrim’s Pride, assuming 75.3% of its share capital.
JBS' focus now is to make good on its acquisition binges by reducing its debt from three to two times Ebitda by the end of 2012 and increasing its 3.6% net margins (the industry ranges from 3% to 6.1%). Batista says JBS was being opportunistic in the recession.
2013 Seara Acquisition JBS acquired Seara Brasil, expanding its poultry and pork operations in the country.
2014 Acquisition of Tyson’s poultry operations in Brazil and in Mexico JBS acquires Tyson Foods’ poultry operations in Brazil and Mexico.
2015 Moy Park Acquisition JBS acquired Moy Park, one of Europe’s leading prepared food products and poultry producers, with 13 food processing and manufacturing units in the UK, France, Holland and Ireland and over 12 thousand employees.
JBS continued to expand its global reach in 2015 with the $1.45 billion purchase of pork giant Cargill Inc.
2016 GNP acquisition in USA Pilgrim’s acquires GNP Company, a leading provider of premium branded chicken products which are distributed in nearly all 50 states under the well-recognized Just BARE® and Gold’n Plump® brand names.
2017 Plumrose USA Acquisition JBS USA announces the conclusion of Plumrose Acquisition in continuation of JBS’ strategy of expanding its portfolio of branded, high value added prepared foods, and strengthening of its customer base and geographical distribution in the United States.
In 2017, JBS earned more than US $51 billion in worldwide revenue and employed nearly 234,000 people.
And in 2017, the company purchased poultry producer GNP Co.
JBS created a new position — global head of food safety and quality assurance — in 2017, giving the post to a former top food-safety regulator at USDA named Al Almanza.
About 12 million pounds of beef contaminated with a virulent strain of salmonella in 30 states sickened 403 people, of whom 117 were hospitalized. For example, in 2018, JBS ordered the largest recall of ground beef in United States history, according to the United States Centers for Disease Control and Prevention.
Net Income totaled US$2.1 billion, an decrease of 8.7% compared to 2019.
2020 Empire Packing Acquisition JBS USA has entered into an equity purchase agreement with Empire Packing Company, L.P. (“Empire”) to acquire the company’s case ready production facilities and Ledbetter branded retail products for US$238 million.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Pilgrim's | 1946 | $17.9B | 35,700 | 839 |
| Tyson Foods | 1935 | $53.3B | 139,000 | 297 |
| Plumrose USA | 1932 | $10.0M | 1,160 | - |
| BISSELL | 1876 | $800.0M | 2,500 | 17 |
| E. EXCEL North America | - | - | - | - |
| EPS | - | $11.0M | 350 | 40 |
| GNP Company | 1926 | $27.0M | 3,239 | - |
| Golden West Food Group | 1970 | $17.0M | 750 | - |
| Clark Material Handling Company | - | $290,000 | 9 | 1 |
| Glatfelter | 1864 | $1.7B | 1,100 | 55 |
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JBS USA may also be known as or be related to JBS USA, JBS USA Holdings, Inc. and JBS USA LLC.