December 19, 2008

JBS finishing year on mostly confident note

GREELEY – JBS S.A. made major strides in the U.S. beef industry in 2008, acquiring Green Bay, Wis.-based Smithfield Beef Group and Loveland-based Five Rivers Ranch Cattle Feeding and making a bid for Kansas City, Mo.-based National Beef Packing Co.

Acquisition of all three companies would propel Brazil-based JBS – the nation’s third-largest beef processor after it purchased Greeley-based Swift & Co. last year – to the No. 1 beef processor in the nation and the world.

But the U.S. Department of Justice threw a stumbling block in the way of that plan on Oct. 20 when it filed a lawsuit in…

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