Wednesday, February 19, 2020

JBS buys Empire



JBS U.S.A. is ;paying $238 million to buy Empire Packing Co., a family-owned business with facilities in Cincinnati, Denver, Mason, Ohio, Memphis, Tenn. and Olympia, Wash.

JBS owns the former XL Packing plant in Alberta, a deal that included a feedlot it later sold back to the family owners.

The JBS deal comes soon after the parent company in Brazil bought Bunge’s margarine business there. JBS is the world’s largest beef packer.