Cargill selling pork business to Brazil’s JBS USA Pork
Cargill’s Beardstown pork processing plant is being sold along with the rest of Cargill Pork operations to JBS USA Pork, the American subsidiary of Brazil’s JBS S.A.
The acquisition will create the nation’s second largest pork processing company behind Smithfield Foods, pushing Tyson Foods to third. Currently, Swift & Company, owned by JBS, ranks third with Cargill Pork in fourth place.
The $1.45-billion sale includes both the Beardstown and Ottumwa, Iowa, pork processing plants. Last year, these two plants processed 9.3 million hogs. In addition, the sale includes five feed mills and four hog farms. The sale is not expected to have any immediate impact on Cargill Pork’s 5,100 employees, including nearly 2,200 at the Beardstown facility. Cargill spokesman Mike Martin said JBS will honor all existing wage and benefit agreements for Cargill Pork employees.