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JBS also announced in 2008 its intention to buy National Beef Packing Company for $560 million, but canceled the plan after the U.S. Department of Justice raised antitrust concerns. [10] In 2009, JBS USA acquired 63% of Pilgrim's Pride [11] Chicken Company and shortened the name to simply Pilgrim's. JBS subsequently increased its ownership ...
In 2007, JBS went through with a US$225m acquisition of U.S. firm Swift & Company, [12] which was the third largest U.S. beef and pork processor, renamed as JBS USA. It leads the world in slaughter capacity, at 51.4 thousand head per day, and continues to focus on production operations, processing, and export plants, nationally and internationally.
Currently JBS USA Holdings, Inc. owns 78.5% of the company. As a result, Pilgrim's Pride closed its corporate offices in Texas and Georgia and moved its headquarters to Greeley, Colorado . [ 21 ] The move caused the former headquarters in Pittsburg, Texas , and a location in nearby Mt. Pleasant, Texas , to cut employment by a total of 160 people.
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