A little more than 10 years ago, Wesley Mendonça Batista, was a typical Brazilian meat packing cowboy working for a company no one in the U.S. outside of the beef trade knew existed. With all Hillshire Farm® products, the goal is to deliver only the best to operators and their customers, using sustainable farm practices, top-quality cuts of meat and our trusted legacy of craftsmanship evident in everything we produced. Closing of the tender offer is conditioned upon customary closing conditions, including the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and there being validly tendered and not withdrawn a number of shares of Hillshire common stock equal to at least two-thirds of the total outstanding shares of Hillshire common stock. Of the three Brazilian majors -- JBS, Marfrig and Bertin -- only two are standing. [9][10], Hillshire Brands was a manufacturer and marketer of packaged meat and frozen bakery products for the retail and foodservice markets. In 1968 Sobrinho bought a small slaughterhouse, boosting the number of cattle slaughtered to 100 a day. The offer is not subject to any financing condition. He's managed to take the company into the U.S., bought out Pilgrim's Pride and rival Bertin in September 2009, and made JBS bigger than Tyson Foods. The tender offer is required to be commenced within 10 business days and to remain open for at least 20 business days after launch. The company was founded in 1934, and was purchased by Sara Lee Corporation in 1971. By providing your email address below, you are providing consent to Tyson Foods to send you the requested Investor Email Alert updates. Trademarks and registered trademarks. The company paid out a concurrent $3 special cash dividend on all D.E Master Blenders 1753 shares. That’s when its international acquisition spree took off. If a Brazilian bovine sneezed, it was an immediate ban on JBS exports to the U.K. or France. Copyright 2018 Tyson Foods, Inc. From small beginnings in the... [+] center-west farm towns of Brazil, to multi-billion dollar acquisitions of desirable U.S. food brands. Hillshire Brands looks set to become the next American food icon owned by Brazilians. He spent the 45 days before closing the deal with a translator interviewing 300 Swift employees. Hillshire Farm is a brand of meat products marketed and owned by Hillshire Brands.The company was founded in 1934, and was purchased by Sara Lee Corporation in 1971. Your privacy is important to us. [1], Hillshire Brands made its debut on June 29, 2012 after the former Sara Lee Corporation spun off its international coffee and tea division and renamed the remaining units of the company Hillshire Brands. 1 beef exporter. Batista was the kind of guy who butchered his own meats, a skill he learned from his father. “One step at a time.”, See: Pilgrim's Pride Makes Offer For Hillshire Farms -- Chicago Tribune, I've spent 20 years as a reporter for the best in the business, including as a Brazil-based staffer for WSJ. Former holder of the FINRA Series 7 and 66. The company generated approximately $4 billion in annual sales in fiscal 2013, has more than 9,000 employees, and is based in Chicago. 2200 W. Don Tyson Pkwy. It already dominates the animal protein processing business in the U.S., which means chicken, pork and beef. On 9 June 2014 Hillshire announced it had received a revised bid from Tysons valuing the company at $8.55 billion. When José Batista Sobrinho, Wesley's father, started JBS back in 1953 at his small farm in Goias state, it was just a one-man operation. Batista's first U.S. acquisition was Greeley, Colorado based Swift for around $1.5 billion that same year. For Batista, Swift’s problem was clearly a question of poor management. Before the contract was signed, Batista, who spoke practically no English at the time, decided that to turn the company around he’d have to move his wife and three young children to Greeley and get his hands dirty. In addition, Tyson Foods will be making, on behalf of Hillshire Brands, a payment of the $163 million termination fee associated with the termination of Hillshire Brands' merger agreement with Pinnacle Foods Inc. (NYSE:PF). The JBS growth trajectory has been nothing short of rocket propelled. © 2020 Forbes Media LLC. The Company's portfolio of meat includes Hillshire Farm Deli Select, sausage products and Hillshire Farm Hams. Pinnacle Foods brands include Birds Eye, Duncan Hines, Hungry-Man and Swanson frozen TV dinners, among many others. [4], During the fiscal year 2013 roughly three quarters of Hillshire's revenues (74%) were generated through retail channels while the foodservice business accounted for 26% of the company's sales. ", Smith added, "We are confident that the two companies can learn a great deal from each other, and we recognize that Hillshire Brands' value comes from its people, brands and processes.


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