JBS USA completes Plumrose acquisition for $230m

JBS USA has completed its previously announced acquisition of Danish Crown’s bacon, ham and deli meat business Plumrose USA for $230m.

Announced in March, the acquisition was completed after securing all regulatory approvals and meeting required customary closing conditions.

JBS USA CEO Andre Nogueira earlier said: “Today’s announcement is the further demonstration of our commitment to disciplined growth through strategic acquisitions that further diversify our product portfolio, expand our branded offerings and strengthen our direct relationship with consumers.

“Plumrose USA is a well-respected business with an outstanding professional team, a strong portfolio of branded, cooked and prepared foods, and first-class, well-invested assets in strategic geographic locations that complement our current business structure.”

Under the terms of the deal, JBS will acquire five prepared foods facilities and two distribution centres in the US.

The acquisition is reported to be in line with JBS’ global strategy to enhance its footprint in the prepared foods and branded product segments.

Plumrose produces a range of meat products such as bacon, ham, sliced deli meats and cooked ribs.