JBS Terminates Acquisition of National Beef

February 20, 2009 | JBS S.A. announced today that it is terminating the acquisition of National Beef Packing Company, LLC, effective February 23, 2009. All related litigation with the U.S. Department of Justice will also be terminated.

JBS announced the acquisition of National Beef on March 4, 2008. The U.S. Department of Justice filed a suit to block the deal on October 20, 2008, on competition grounds. JBS endeavored to encounter a solution with the parties involved but in the absence of satisfactory conditions decided not to follow on with the acquisition.

JBS will continue to pursue further efficiencies at all it’s other units within the United States totaling eight cattle slaughter plants with a daily capacity of 28,100 head, three pork slaughter plants with a daily capacity of 47,900 head, a case-ready plant, and a lamb slaughter plant as well as related operations in Australia, Italy, Argentina, and Brazil where the headquarters are located. The company also operates 11 cattle feed yards in six different U.S. states.