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JBS Purchases Canadas XL Foods

JBS acquiring Empire Packing Co.

Acquisition includes operations of five production facilities, along with Ledbetter retail products.

JBS S.A. announced Feb. 18 that its indirect subsidiary, JBS USA, has entered into an equity purchase agreement with Empire Packing Co. to acquire the company's case-ready production facilities and Ledbetter branded retail products for $238 million.

"Today's announcement highlights our ongoing commitment to diversifying our product offerings. Empire is a long-standing, respected, family-owned company with strong leadership and quality assets in strategic locations across the U.S. that fit well in our business model," JBS USA chief executive officer Andre Nogueira said.

The acquisition includes operations of five production facilities located in Cincinnati and Mason, Ohio; Denver, Colo.; Memphis, Tenn., and Olympia, Wash., along with the Ledbetter retail products.

JBS said the transaction is subject to regulatory review and government approvals.

TAGS: Business
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