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JBS to Acquire Plumrose USA Pork Company
USAgNet - 03/20/2017

JBS USA announced a definitive share purchase agreement with Danish Crown A/S to acquire the company's U.S.-based bacon, ham and deli meat business, Plumrose USA, for $230 million. It is anticipated that the proposed transaction would close during the second quarter of 2017, subject to regulatory review and approval, and customary closing conditions.

"Today's announcement is further demonstration of our commitment to disciplined growth through strategic acquisitions that further diversify our product portfolio, expand our branded offerings and strengthen our direct relationship with consumers," said Andre Nogueira, CEO, JBS USA Food Company.

The acquisition includes five prepared foods facilities, including one in Elkhart, Indiana, two in Council Bluffs, Iowa, one in Booneville, Mississippi, and one in Swanton, Vermont, and two distribution centers in South Bend, Indiana, and Tupelo, Mississippi, respectively. Plumrose offers an array of branded, prepared foods including bacon, hams, sliced deli meats and cooked ribs. Plumrose annual net revenues are estimated at $500 million.

The announced transaction is a clear continuation of the JBS global strategy to increase its presence in the prepared foods and branded product categories.

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