World News: 10:00 GMT Tuesday 3rd December 2019. [JBS USA, LLC via Globe Newswire via SPi World News]
GREELEY, Colo., and PIPESTONE, Minn. , Dec. 03, 2019 (GLOBE NEWSWIRE) -- JBS USA today announced an agreement with J&B Group, Inc., to lease J&B’s value-added meat processing facility in Pipestone, Minn., with the intent to acquire this facility in the upcoming months for an undisclosed amount. The facility was destined for imminent closure.
The pending acquisition means the facility will join JBS USA, a leading U.S.-based food company with proven expertise and a strong track record of success, protecting more than 130 jobs and ensuring the facility remains a significant economic contributor to the Pipestone community for years to come.
“We are excited to welcome the Pipestone team members to JBS USA,” said Bob Krebs, COO, JBS USA Pork. “We have worked with the J&B team under the common goals of preserving jobs and creating a sustainable future for the facility. We believe the facility’s infrastructure and accomplished workforce present a great opportunity to expand our ability to provide high-quality products to both domestic and export markets. We plan on investing in the facility and growing the business, allowing our new team members and the local community to grow with us.”
On Sept. 18, 2019, J&B Group, Inc., announced that the Pipestone facility would be sold and production relocated to its St. Michael, Minn., facility. Before JBS USA’s plan to purchase, J&B had not identified a buyer and the facility was scheduled for closure in this month.
Globe Newswire: 10:00 GMT Tuesday 3rd December 2019
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