From WATTAgNet:

Brazilian meat and poultry company JBS SA has decided to not pursue any new acquisitions in 2015 and instead focus on plans to finalize the acquisition of an Australian company, as well as concentrate on its U.S. pork operations and processed foods division, CEO Wesley Batista said.

Between BRL2.5 billion and 3 billion (US$806 million and $967 million) in capital investment will be needed in 2015 to support the strategy, Batista said.

"We have many fruits to harvest," Batista said as the company released its fourth quarter earnings on March 11.

JBS plans to finalize its $1.25 billion purchase of Australian processed foods maker Primo Group. The deal, announced in November and recently given clearance by the Australian Foreign Investment Review Board, is an opportunity to increase sales in Asian markets.


The company also has more synergies to reap from the 2013 purchase of Brazilian poultry producer Seara, Batista said.

JBS net income up in FY 2014, Q4

During a JBS earnings conference call, Batista reported a strong performance for the company for fiscal year 2014 and the fourth quarter of the year. For the quarter, JBS posted a net income of BRL618.8 million (US$197.6 million), a year-over-year improvement of 340 percent. It’s net income for all of 2014 was BRL2 billion (US$638.7 million), up 120 percent from fiscal year 2013.

Net revenues for Pilgrim’s, the North American poultry unit of JBS, were reported at US$2.1 billion for the fourth quarter, a three percent improvement when compared to the same period of the previous year. Net revenues for all of fiscal year 2014 were up 2 percent at US$8.6 billion.

UPDATE 1-Brazil's JBS says to abandon long-running search for acquisitions

SAO PAULO, March 12 (Reuters) - Brazilian meats company JBS SA plans to focus on Australia, its U.S. pork operations and its processed foods division under a 2015 strategy focused on "organic expansion" rather than acquisitions, CEO Wesley Batista said on Thursday. The company first said it would not seek new acquisitions this year in its fourth-quarter earnings statement on Wednesday, ending a years-long strategy of aggressive takeovers.
Read more at Reuters

Brazil Meatpacker JBS to Focus on Organic Growth

SÃO PAULO—Brazil’s JBS SA, the world’s biggest meatpacker in terms of revenue, said that it will focus on organic growth in 2015, after years of expansion based on acquisitions across the globe. “In 2015, we will prioritize organic growth and focus on all aspects of improving our financial metrics, thus creating incremental value for our shareholders,” said Wesley Batista, JBS CEO in a statement as the company released its 2014.
Read more at The Wall Street Journal

JBS' (JBSAY) CEO Wesley Batista on Q4 2014 Results - Earnings Call Transcript

Good morning everyone and welcome to JBS conference call. During this call, we will present and analyze the results for the fourth quarter of 2014 and for the year of 2014. In all of our history of more than 60 years since JBS was created 1953 by my father [indiscernible] initials of his name to the company’s name, we have been – always been faithful to our conditions.
Read more at Seeking Alpha