JBS SA
| JBS SA
|
|
|---|---|
 |
|
| legal form | SA |
| ISIN | BRJBSSACNOR8 |
| founding | 1953 |
| Seat |
São Paulo , Brazil
|
| management |
|
| Number of employees | 230,000 (2015) |
| sales | 162 900 000 000 Real (26 billion € ) (2015) |
| Branch | Meat production |
| Website | www.jbs.com.br |
JBS SA (Abbreviation for J osé B atista S obrinho S ociedade A nônima ) is a Brazilian stock corporation. It is the largest meat producer in the world and the largest meat processing company in South America. Today's JBS was created in 2007 from a takeover of the US meat company Swift & Company by the Brazilian JBS SA. The group's headquarters are in São Paulo (Brazil) and Dallas (Texas, USA). CEOof the parent company JBS SA is Joesley Mendonça Batista, his son Wesley Mendonça Batista is CEO of JBS USA Inc. JBS is listed on the Brazilian stock exchange Bovespa . The majority shareholder of JBS SA is J&F Participações (J&F).
JBS's business area is the processing, preparation, packaging and distribution of fresh, frozen and processed meat. JBS also produces ready-to-eat meals, canned meat and cooked meat, as well as hides and other by-products of beef slaughter. JBS has 23 processing plants in Brazil and six in Argentina. Exports are mainly to the EU, Russia, Israel, Latin America, the USA, Morocco, Hong Kong, Egypt and Saudi Arabia. The Group's own brands include Matoratta, Swift, Friboi and Anglo.
history
The company was founded in 1953 in Anápolis , in the Brazilian state of Goiás , by José Batista Sobrinho as a small cattle slaughterhouse under the name Friboi (daily slaughter capacity only 5 pieces). José Batista Sobrinho had three sons and three daughters, all of whom later moved up to management positions in the group. A slaughterhouse was acquired in 1968 and 1970, and slaughter rates rose to 500 per day. Numerous slaughterhouses and meat processing companies were taken over by the end of the millennium.
In 2006 all activities of the JBS Friboi group that had nothing to do with meat were cut off.
In July 2007, through its subsidiary JBS Holding Internacional Ltda , the JBS group of companies acquired the US company Swift & Company from ConAgra Foods, which was then the third largest fresh meat producer in the United States and the largest meat processor in Australia; since then, the entire group has been operating as the JBS Swift Group .
At the end of 2007, JBS acquired 50% of the Italian Inalca SpA , a subsidiary of the beef producer Cremonini SpA, for EUR 225 million .
At the beginning of March 2008, the US company Smithfield Foods (world's largest pig breeding and pork processing company) announced that it had announced its Smithfield Beef Group Inc. (SBG), previously based in Green Bay , for $ 565 million in cash JBS will sell. Five Rivers Ranch Cattle Feeding LLC , based in Loveland (Colorado) , a 50/50 joint venture with New York-based Continental Grain Co. (formerly ContiGroup Cos. Inc.), which was fully acquired shortly before the transaction by Smithfield in return for a share sale, belongs to SBG is acquired. The two companies’s livestock will not be sold to JBS until later. At the same time, JBS is buying Kansas City- based National Beef Packing Co. , currently the fourth-largest US beef processor and one of the largest meat exporters to Japan, for US $ 970 million . In addition, JBS took over the Australian meat processor Tasman Group for 150 million US dollars.
With the completion of the acquisitions, for which approval from the US authorities is expected, JBS will become the largest meat processing and marketing group in the USA, ahead of the previous market leader Tyson Foods . JBS will then have 63,000 employees worldwide, a slaughtering capacity of 79,200 cattle and 48,000 pigs each day, and annual sales of approximately $ 21.5 billion. Prior to that, JBS employed just under 20,000 people, slaughtered 34.141 million cattle and had sales of just under $ 4 billion. Its major main competitors included the agricultural companies Cargill , Smithfield Packing Company, and Tyson Foods.
Aggressive acquisitions made the company the second largest food company in the world after Nestlé between 2005 and 2017 .
The company has received billions in loans from the Brazilian government for many years and is suspected of corruption in this context. In 2017 it became known that the owner Joesley Batista is said to have funded three Brazilian presidents and nearly 2,000 other politicians. President Michel Temer is said to have received $ 4.7 million for his last election campaign. 80 million dollars are said to have flowed to Presidents Lula da Silva and Rousseff. A total of around $ 220 million bribes are said to have been paid to politicians. In September 2017, Joesley Batista and his brother were arrested. They are accused of hiding important details when they were questioned about the bribery scandal involving President Michel Temer.
JBS fell victim to a cyber attack from the end of May 2021 . This brought operations to a standstill in Australia.
Web links
- The JBS Swift Group website (English)
Individual evidence
- ↑ a b JBS SA: Annual Report 2015. (PDF) Retrieved on February 17, 2017 (English).
- ↑ Matthias Rüb: Der cinematic meat baron, in: Frankfurter Allgemeine Sonntagszeitung No. 21, May 28, 2017, p. 9.
- ↑ Meat barons ring in Temer's Apocalypse , NZZ, May 19, 2017
- ↑ Georg Ismar: The meat king as regicide? swp.de, May 23, 2017, accessed on May 26, 2017
- ↑ Matthias Rüb: Der cinematic meat baron, in: Frankfurter Allgemeine Sonntagszeitung No. 21, May 28, 2017, p. 9.
- ↑ Matthias Rüb: Der cinematic meat baron, in: Frankfurter Allgemeine Sonntagszeitung No. 21, May 28, 2017, p. 9.
- ↑ Matthias Rüb: Der cinematic meat baron, in: Frankfurter Allgemeine Sonntagszeitung No. 21, May 28, 2017, p. 9.
- ↑ Temer scandal - Brazilian police arrest Batista's brother , Spiegel, September 14, 2017
- ↑ New cyberattack against multi-hackers attacking the world's largest meat company. Tages-Anzeiger , June 1, 2021, accessed June 1, 2021 .