is part of the Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

  • American Agriculturist
  • Beef Producer
  • Corn and Soybean Digest
  • Dakota Farmer
  • Delta Farm Press
  • Farm Futures
  • Farm Industry news
  • Indiana Prairie Farmer
  • Kansas Farmer
  • Michigan Farmer
  • Missouri Ruralist
  • Nebraska Farmer
  • Ohio Farmer
  • Prairie Farmer
  • Southeast Farm Press
  • Southwest Farm Press
  • The Farmer
  • Wallaces Farmer
  • Western Farm Press
  • Western Farmer Stockman
  • Wisconsin Agriculturist

Acquisition of National Beef by JBS Terminated

Deal falls through for purchase of packing company.

The deal that would have JBS S.A. acquiring the National Beef Packing Company from U.S. Premium Beef has been terminated effective Feb. 23, 2009.

"Although this is not the outcome we anticipated, we are excited to continue the growth and success of our business on a stand-alone basis," said Steve Hunt, Chief Executive Officer of USPB. "As demonstrated by our fiscal year 2008 and first quarter 2009 financial results, National Beef's value added business model, rooted in strong relationships with cattle producers and beef customers, continues to generate industry-leading profits."
Recently the U.S. Department of Justice and JBS had been negotiating the possible sale of certain National Beef assets to allow the deal to move forward. As it stood, the deal would have made JBS the largest beef packer in the U.S. and the world.

"This development has re-energized our management team," said John Miller, CEO of National Beef. "With our strong liquidity position and numerous opportunities to grow our business – both internally and externally – we are eagerly looking forward to building on our value-added model while continuing to focus on serving the needs of our customers."

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.