JBS completes acquisition of Swift

by FoodBusinessNews.net Staff
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GREELEY, COLO. — JBS S.A., the largest beef processor in Latin American, has completed the acquisition of Swift & Co., the world’s third-largest processor of fresh beef and pork products, from HM Capital Partners L.L.C. and Booth Creek Management Corp. The transaction was valued at about $1.5 billion.

The JBS Swift Group now will be the largest beef processor in the world.

Swift also announced the completion of tender offers and consent solicitations.

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