JBS completes acquisition of Swift
July 12, 2007
by FoodBusinessNews.net Staff
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.