JBS Acquires Canadian Operations of XL Foods
GREELEY, Colo., Jan. 9, 2013 (GLOBE NEWSWIRE) -- JBS USA, a leading animal
protein processor in the U.S. and Australia and a wholly owned subsidiary of
Brazil-based JBS S.A., today announced the intent of its Canadian subsidiary,
JBS Food Canada, Inc., to complete the transaction to purchase certain
Canadian operation of XL Foods, effective January 14, 2013.
Upon closing, JBS Food Canada will assume ownership of the XL Lakeside beef
processing plant in Brooks, Alberta, Canada, which JBS has managed since the
plant resumed operations on October 29, 2012, and additional assets in Canada.
The Brooks plant, one of Canada's largest beef processing facilities, has the
capacity to process 4,000 head of cattle per day and is one of the largest
employers in southern Alberta.
The agreement between JBS and XL Foods, originally announced on October 17,
2012, also provides JBS USA an exclusive option to purchase the U.S.
operations of XL Foods. JBS awaits regulatory review from U.S. authorities
prior to exercising this option.
"Today, JBS officially enters the Canadian beef market through our acquisition
of the XL Lakeside beef packing plant," stated Bill Rupp, president and COO of
JBS USA Beef. "After several months of careful consideration of the option and
nearly three months of successfully managing the Lakeside facility, we have
determined that the Canadian operations will serve as an important asset to
our strategic global beef production model. We look forward to partnering with
Canadian producers to deliver quality Canadian beef to customers around the
Under the terms of the agreement, JBS Food Canada will acquire the following
XL properties in Canada: the Lakeside beef packing plant; a beef packing plant
in Calgary, Alta.; a feedlot in Brooks, Alta., and the adjacent farmland
acreage supporting the feedlot operation. Under no scenario will JBS Food
Canada assume any of XL Foods' debt or liabilities.
About JBS USA
JBS USA, an indirect, wholly owned subsidiary of JBS S.A., is a leading
processor of beef, pork and lamb in the U.S. and a leading processor of beef
and lamb in Australia. JBS USA processes, prepares, packages and delivers
fresh, further-processed and value-added beef and pork products for sale to
customers in more than 60 countries on five continents. JBS USA is also a
majority shareholder of Pilgrim's Pride Corporation, the second largest
poultry company in the U.S.
In the United States, Mexico and Puerto Rico, JBS USA and Pilgrim's Pride
conduct operations through eight beef processing plants, three pork processing
plants, 31 poultry processing plants, 31 poultry hatcheries, one lamb
processing plant, one hide tannery, and 11 feedlot operations run by JBS Five
Rivers Cattle Feeding. In Australia the company operates 15 beef and
small-animal processing plants, seven feedlots, one hide tannery and seven
For more information, visit www.jbssa.com.
About JBS S.A.
JBS S.A. is the global leader in meat production with 301 facilities worldwide
and more than 135,000 employees. JBS S.A. processes beef, pork, lamb and
poultry in addition to leather and other animal by-products. JBS S.A.
processes, prepares, packages and delivers fresh, further-processed and
value-added beef, pork, lamb and poultry products in more than 150 countries
on five continents.
In South America, JBS S.A. conducts its operations through 108 beef
processing, canning, distribution and other facilities, including 37
processing plants in Brazil, five processing plants in Argentina, two
processing plants in Paraguay, one processing plant in Uruguay, and 11
distribution centers and five feedlots in Brazil.
For more information, visit www.jbs.com.br.
The JBS USA logo is available at
CONTACT: Cameron Bruett
O: +1 970.506.7801
C: +1 202.445.6168
Investor Relations Officer
O: +55 11 3144.4667
JBS USA Logo
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