JBS, SA, the Brazilian company that jumped into the U.S. beef market two years ago, has planned a $2 billion public offering to raise money for continued expansions of the Swift & Co. meatpacking operations.
In paperwork filed with the Securities and Exchange Commission, JBS intends to offer the company up for public stock offerings to continue its growth strategy into the next five years. The growth includes expanding its value-added options, such as seasoned beef cuts, plus increasing its distribution network. The distribution network includes in-house cutting rooms, whereby meat would be cut and packaged ready for the supermarket shelves, also known as case-ready.
Check cattlenetwork.com for more updates throughout the day.