JBS, Jack Link's enter joint venture
September 14, 2010
GREELEY, COLO. — JBS S.A. has reached an agreement with Jack Link’s Beef Jerky to form a joint venture to operate two meat snack facilities owned by JBS in Brazil.
“We are forming an ideal partnership in bringing together the largest beef producer with the No. 1 meat snack team to grow this business at a time when consumers are turning more and more toward healthy protein concentrated snacks,” said Wesley Batista, president and chief executive officer of JBS USA. “With our competitive production skills and with Jack Link’s meat snack expertise and brand strength, this J.V. will enhance business for both of us and grow the market for this healthy product.”
The facilities in Brazil are located in Santo Antonio de Posse and Lins. JBS will supply raw material at market prices and will jointly operate the facilities in Brazil with Jack Link’s. Then JBS will sell the semi-manufactured product to Jack Link’s for further processing, packaging and distribution.
JBS also has reached an agreement with Jack Link’s Beef Jerky group to sell its U.S. based meat snacks plant in Mankato, Minn.
“Partnering with JBS in Brazil enables us to be the best, jointly, at what we do, and the addition of the Mankato plant gives us the opportunity to expand our existing product operations and enhance our ability to meet our customers’ needs,” said Jack Link, c.e.o. and chairman of the board.