Head of JBS Swift, Wesley Batista, Says Company Keeps Working with DOJ to Acquite National BeefFri, 30 Jan 2009 12:06:42 CST
The President of JBS Swift, Wesley Batista, talked with reporters Friday morning here in Phoenix at the Cattle Industry Convention. Most of the conversation centered around the negotiations with the Department of Justice and JBS to find an acceptable settlement to allow JBS to proceed on with their acquisition of National Beef.
Batista says that the DOJ wants them to divest of some assets- which ones and how they are disposed continues to be discussed by the government and the packer. Batista had no real time frame, although he hopes to know by the end of February or in early March if a deal can be cut or not.
Batista and Chandler Keys, who works for JBS Swift, spoke with reporters about the DOJ negotiations, about their take on COOL and the health of the US Cattle industry.
The parent of JBS Swift, JBS S.A. is currently the world's largest beef producer and exporter with a daily slaughtering capacity of 65.2 thousand heads of cattle and the largest global exporter of processed beef. The company's operations include 22 plants located in 9 Brazilian states and 6 plants located in 4 argentine provinces, in addition to 16 plants in the USA, 10 in Australia and 10 in Italy.
Click on the listen bar below to hear the Q&A with the head of JBS Swift, Wesley Batista.
Impromtu News Conference at Cattle Industry Convention with Wesley Batista of JBS Swift
WebReadyTM Powered by WireReady® NSI
Top Agricultural News