JBS S.A. to buy Australian beef company

GREELEY – JBS S.A. beef company is buying Rockdale Beef, an Australian beef processor owned by Mitsubishi Corp. and Itoham Foods Inc. of Japan.

Chandler Keys, JBS spokesman, said the purchase was a good deal for the meatpacking giant. “It was a good opportunity, a nicely run outfit and the people there were ready to sell,” he said.

JBS S.A., based in Brazil, was already the world’s largest beef producer and has its U.S. headquarters in Greeley. Rockdale exports to 12 nations and would expand JBS’s Asian markets, according to beef industry analysts.

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JBS is buying Rockdale through its subsidiary, Swift Australia. Based in New South Wales, Rockdale has a slaughtering capacity of about 200,000 cattle annually and a feedlot capacity of more than 50,000 cattle.

No financial details were released on the acquisition, which still must be approved by Australian authorities, and the boards and shareholders of JBS and Rockdale.