JBS of Brazil Agrees to Buy Swift & Co for $1.4 Billion

JBS SA, Latin America's biggest meat producer, agreed to buy Swift & Co, the third-largest U.S. beef and pork producer, for US$1.4 billion.
JBS, the Sao Paulo-based owner of Brazil's Friboi meat brand, will acquire all of Swift's assets in the U.S. and Australia.
Swift has four U.S. beef plants and can slaughter about 15,850 heads of cattle a day. The company had sales of US$9.35 billion in the year ended May 28, 2006. Beef sales were US$5.58 billion.
Swift also operates four feedlots producing 198,000 cattle a year. The company has three pork plants and one lamb slaughter facility. It has capacity to slaughter about 44,400 hogs daily. Swift Australia has four beef plants and can slaughter 5,800 animals a day.
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