Entries tagged "Smithfield"
The Department of Justice announced Monday that it would go to court to stop the nation's third-largest beef packer, JBS SA, from acquiring rival beef packer National Beef Packing Co., part of U. S. Premium Beef LLC. However, DOJ will permit JBS, which owns Swift, to acquire Smithfield Beef Group Inc., as its parent seeks to refocus on global pork production and packaging. Thirteen Western and Midwestern states joined DOJ in the legal challenge. ...
Sen. Herb Kohl, D-Wis., undaunted by several failed efforts to get the Justice Department's antitrust chief to block a merger, Tuesday sent a letter asking Assistant Attorney General Tom Barnett to block JBS Swift & Co.'s proposed $1.3 billion deal to buy the beef-processing assets from both U.S. Premium Beef LLC and Smithfield Foods Inc....
