JBS S.A.’s latest acquisitions have brought the company closer to its net zero emissions goal.
Sustainability
The company invested over US$95 million globally into sustainability efforts during the first quarter of 2022.
One of these efforts is the No Carbon project which will launch 31 electric vehicles to serve operations in Brazil. The project will mainly focus on distributing products for the Friboi, Seara and Swift brands.
Since acquiring the fertilizer company Campo Forte, operations have started at the Guaiçara, Brazil facility which will make JBS the first Brazilian food company to use fertilizer made from its own organic waste. The project has had an investment of over US$26.5 million.
JBS has also started covering wastewater treatment lakes, capturing methane in Canada, the U.S. and Brazil and has transitioned Pilgrim’s in the U.K. to 100% renewable energy.
Acquisitions
JBS has been acquiring companies with varying specialties over the past few years.
One is King’s Group, an Italian meat company, which comes with four plants in Italy and an equity stake of 20% in Piggly, Italy’s first 100% antibiotic-free breeder.
Another is Rivalea, a leading Australian pork producer.
JBS also opened new facilities including an Italian specialties and pepperoni plant in Columbia, Miss., and new slaughter lines in Grand Island and Omaha, Neb.
Net revenue for the first quarter was US$17.4 billion – an increase of 20.8% compared to the first quarter of 2021. The adjusted EBITDA was US$1.9 billion – an increase of 46.7% compared to the first quarter of 2021.
According to WATTPoultry.com’s World’s Top Poultry Companies, JBS S.A. is No. 1 with over 4.4 million heads slaughtered annually. JBS has various brands including Seara and Pilgrim’s.
