Source: JBS USA
JBS USA announced it entered into a definitive share purchase agreement with Danish Crown to acquire Plumrose USA in the United States.
Plumrose offers an array of prepared foods and high-value-added products including bacon, hams, sliced deli meats and cooked ribs, sold under well-known brands, and is a respected company, known for quality, service and superior products. The acquisition includes five prepared foods facilities located in Indiana, Iowa, Mississippi and Vermont and two distribution centers located in Indiana and Mississippi. Plumrose's annual net revenue is estimated at $500 million and the price for the acquisition was valued at $230 million.
The acquisition of Plumrose is a continuation of JBS' strategy of expanding its portfolio of branded, high-value-added prepared foods, and strengthens its customer base and geographical distribution in the United States.
The transaction was approved by Danish Crown's and JBS' Board of Directors, and is subject to the usual regulatory approvals, including U.S. antitrust authorities.