JBS S.A. announced this week that its subsidiary, JBS USA, has closed on the previously announced purchase of Plumrose USA.
The acquisition includes five prepared foods facilities located in Indiana, Mississippi, Vermont and two in Iowa and two distribution centers located in Indiana and Mississippi. Annual net revenue is estimated at $500 million, and the price for the acquisition was valued at $230 million. The acquisition also included more than 1,200 Plumrose USA employees.
“The acquisition of Plumrose enhances the company's presence in the prepared and convenience foods business in the U.S., particularly in the meat based snacks category,” JBS said, adding that Plumrose also has a portfolio of traditional and well-recognized brands in both the foodservice and retail categories.
The transaction is a continuation of JBS's global strategy to increase its presence in the prepared foods and branded product categories.
Since 2013, JBS has expanded its consumer-facing product portfolio through the acquisitions of Seara, a pork and poultry prepared foods business in Brazil; Andrews Meat Industries, a red meat solution provider in Australia; Primo Smallgoods, a leader in branded, prepared foods like ham, sausage and bacon products in Australia and New Zealand; Moy Park, a leader in innovative convenience products and prepared foods in the U.K.; Cargill Pork, which includes significant bacon production capabilities, and GNP Co., a leading provider of premium, branded chicken products in the U.S.