XL Foods Plant Taken Over By Subsidiary of Brazilian-Owned Company JBS

Oct 18, 2012

JBS USA Announces Management Takeover of XL Foods Plant

One of the leading animal protein processers in the U.S. and Australia will soon be taking over management of XL Foods – the Brooks, Alberta plant that is at the centre of the largest beef recall in Canadian history. The announcement was made late Wednesday - with a Canadian subsidiary of the processing company JBS USA who is an owned subsidiary of Brazil-based JBS S.A. The Brazil parent company JBS also signed an option to buy XL Foods facilities in Calgary and the U.S.

"This action is another positive step to relicensing the XL Lakeside beef plant," said Brian Nilsson, co-CEO of XL. "We welcome the assistance of JBS and their resources."

JBS USA has over 60,000 employees and specializes in beef and pork products distributing to 60 countries. The company also holds shares in Pilgrim’s Pride Corp. which is the second largest poultry company in the U.S.

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