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JBS, The World’s Largest Meat Processor, Aims to Have at Least Ten Brands With Revenue Over US$ 1 Billion in Five Years
JBS is a Brazilian multinational recognized as one of the global leaders in the food industry and the largest meat processor in the world. It aims to have at least ten brands with revenues exceeding US$ 1 billion in five years. Recently, the company recorded the largest quarterly revenue in its history, with a net income of 3.1 billion reais, almost three times that of the fourth quarter of 2019, when the company reported a revenue of 356 million reais.
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Acquisition of New Brands:
JBS has always made it clear that it wants to acquire a strong brand, consistent with its actions when it acquired Sadia. In Australia, JBS purchased the Primo brand of ham and bacon. In the United Kingdom, it acquired Moy Park and Tulips.
In Brazil, the goal is to make Seara’s revenue reach 40 billion reais by 2025. In the United States, the company acquired Plumrose, a manufacturer of ham and bacon, and changed its name to Swift Prepared Foods. The company will receive an investment of US$ 200 million to produce Italian foods such as sausage and ham.
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Record Revenue:
JBS recorded the highest quarterly revenue in its history, with a net income of 3.1 billion reais, almost three times that of the fourth quarter of 2019, when the company reported a revenue of 356 million reais.
The JBS company stated that, supported by the depreciation of the real against the US dollar, the adjusted EBITDA for Seara in the Brazilian processed food sector increased by 55.4%, while the pork and chicken businesses in the U.S. grew by 64.7% and 48.9%, respectively.
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