Agmates Editor Steve Truman writes
Brazilian owned JBS is on the verge of being the largest beef processor on 3 major cattle producing continents. This is world domination of the export beef market on a grand scale never seen before.
JBS S.A. advised it has received approval from the Australian Competition & Consumer Commission to purchase multi-species processor Tasman Group. JBS paid $150 million for the Tasman Group with the sale expected to now be finalized on the 2nd of May.
Tasman will become a subsidiary of Greeley, Colo.-based JBS-Swift & Co., already the owner of four beef processing plants and four cattle feedlots in Australia (formerly AMH).
Tasman operates six slaughter facilities and one cattle feedlot.
- Brooklyn VIC - the largest Multi- Species Plant is the Southern Hemisphere.
- Cobram VIC - Capacity of 3,000 lamb and sheep a day.
- Yarrawonga VIC- Capacity 330 cattle aday
- Longford TAS - Capacity 450 beef & 1,500 Sheep, Lamb & Veal a day.
- King Island TAS - Capacity 180 Cattle a day
- Davenport TAS - 150 Cattle & 2,500 Sheep, Lamb & Veal a day.
- Yambinya feedlot NSW - Licensed to Feed 25,000 cattle & 45,000 Lambs. 7,000 acres of country and 5,000 megalitres of irrigation water. Extensive cropping area.
The newly structured Australian assets will have more than 5,000 employees and a capacity to slaughter some 25,000 animals per day.
JBS purchased Swifts last July 2007 for $US1.4 billion ($A1.7 billion) which owned AMH with has abattoirs in Townsville, Rockhampton and Dinmore near Brisbane and at Beef City on the Darling Downs, where it also has a major feedlot that complements similar fattening operations at Mungindi in Queensland and Caroona and Prime City in New South Wales.
With a market capitalisation in Brazil of $US3.2 billion, JBS is South America’s largest beef processor and one of the world’s largest exporters with 23 plants in Brazil and six in Argentina.
JBS is currently awaiting U.S. Department of Justice approval for acquisitions of U.S. beef processors National Beef Packing Co. and Smithfield Beef Group.
If approved, JBS-Swift, currently the third-largest U.S. beef processor in terms of slaughter capacity, would become the USA’s largest beef processor and control some 30 percent of its entire slaughter capacity.
That will mean JBS will be the largest beef processor on three continents - North America, South America and Australia.
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Tags: Australia, Beef, SouthAmerica, USA
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