JBS to acquire Empire Packing for $238M

GREELEY — JBS USA, the Greeley-based U.S. subsidiary of Brazilian food conglomerate JBS SA, has announced plans to acquire Empire Packing Co. for $238 million.

The deal, announced in a securities filing, includes Memphis, Tennessee-based Empire’s five processing facilities and retail products branded as Ledbetter. The processing facilities are located in Denver; Cincinnati and Mason, Ohio; Memphis; and Olympia, Washington.

“Today’s announcement highlights our ongoing commitment to diversifying our product offerings,” Andre Nogueira, CEO of JBS USA, said in the filing. “Empire is a longstanding respected family-owned company with strong leadership and quality assets in strategic locations across the U.S. that fit well in our business model.”

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The deal is contingent on regulatory approval.

Christopher Wood

Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.