GREELEY — Beef, lamb and pork processor JBS USA Food Co. on Monday said it plans to acquire Danish Crown A/S’ U.S.-based bacon, ham and deli meat business, Plumrose USA, for $230 million.
Greeley-based JBS USA, a wholly owned subsidiary of JBS SA in Brazil, expects the transaction will close during the second quarter of this year after clearing regulatory review and approval, and customary closing conditions.
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The acquisition includes five prepared foods facilities, including one in Elkhart, Ind., two in Council Bluffs, Iowa, one in Booneville, Miss., and one in Swanton, Vt., plus two distribution centers in South Bend, Ind., and Tupelo, Miss. Plumrose’s 1,250 employees are expected to join JBS USA.
Plumrose offers branded, prepared foods including bacon, hams, sliced deli meats and cooked ribs. Plumrose’s annual net revenue is estimated at $500 million.
The Danish Crown group is the world’s largest pork exporter and Europe’s largest pork processor.
Jais Valeur, Danish Crown’s chief executive, said Plumrose USA became expendable when the group created a new strategy to lead home markets in Northern Europe and further its position in Asia.
JBS USA is also a majority shareholder of Pilgrim’s Pride Corp. in Greeley, the second-largest poultry company in the United States.