SAO PAULO — Brazil's JBS, the world's largest beef producer and owner of JBS-Swift, said on Friday it had abandoned its attempt to takeover of U.S. meat company National Beef Packing Company LLC.
JBS became the No. 3 U.S. beef producer in 2008, when it bought the beef operations of Smithfield Foods Inc, which included beef plants and the Five Rivers Ranch cattle feeding operation. At that time it also tried to buy National Beef, a deal valued at $970 million, in cash, stock and debt.
Since then, the Brazilian company had been in talks with the U.S. Justice Department about selling assets in order to gain approval to buy National Beef.
Source: Reuters
Latest from Quality Assurance & Food Safety
- FDA, CDC Investigate Salmonella Outbreak Linked to Live It Up Dietary Supplement Powder
- USDA FSIS Announces New Deputy Administrator of Field Operations
- ProVeg Incubator Launches Fast-Track to Impact Program for Alt-Protein Startups
- Kerry Releases 2026 Global Taste Charts
- FDA Shares Australia Certificate Requirements for Bivalve Molluscs and Related Products
- FDA Announces Update from CFIA on Certificate Requirements for Certain Meat, Poultry Products
- NIMA Partners Introduces the Next-Generation NIMA Gluten Sensor
- IFT to Host Community Conversation on Dietary Guidelines for Americans, 2025-2030 Report
