“With this acquisition, we become the largest beef company in the world.” With these words, JBS President Joesley Batista set in motion what today has become an invasion of the U.S. beef market by Brazilian corporations. Batista uttered these words in 2007 during JBS S.A.’s announcement that it had just purchased the U.S.’s third largest beef processor, Swift Food Company. A year later, JBS seized on the opportunity to expand its U.S. acquisitions and purchased Smithfield Beef Group, Read More ...
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