In this file:

 

·         Brazilian giants invest in alternative proteins

Brazilian giants JBS and BRF announced plans to invest into alternative proteins to reinforce their positions in Brazil, the US, and Europe.

 

·         JBS buys European fake meat business Vivera for $530m

·         JBS USA to Host First Quarter 2021 Earnings Conference Call May 14, 2021

 

 

Brazilian giants invest in alternative proteins

 

Daniel Azevedo, Poultry World

May 3, 2021   

 

Brazilian giants JBS and BRF announced plans to invest into alternative proteins to reinforce their positions in Brazil, the US, and Europe.

 

BRF´s plan includes cultivated meat through a partnership with the Israeli agtech Aleph Farm. This technology produces meat in laboratories from animal cells. Lorival Luz, president of BRF, said to Forbes Brasil that the company sees new trends of consumer’s behaviour and preferences. “We need to study the events in the world. When we put those imputs together, it gives us a projection and a direction,” commented the executive. According to him, cultivated meat may become a relevant protein source for part of world in a few decades.

 

BRF did not disclose the extent of its investment for “laboratory meat”, but it is being treated as “revolutionary” in the company. Countries like the United States, Israel, and Singapore already have alternative protein products, now is the moment to develop the technology in Brazil. The process of producing artificial meat is still being tested between BRF and the Israeli startup. In general, it is based on the multiplication in the laboratory of cells taken from animals.

 

The first step is the extraction of cells through a biopsy...

 

JBS signs agreement to buy plant-based producer

 

Parallel to BRF, JBS has signed an agreement to buy Vivera, the third largest plant-based producer in Europe, for a value of € 341 million. Vivera develops and produces a diversified portfolio of plant-based proteins for large retailers at 25 European countries...

 

more

https://www.poultryworld.net/Meat/Articles/2021/5/Brazilian-giants-invest-in-alternative-proteins-741754E/

 

 

JBS buys European fake meat business Vivera for $530m

 

Andrew Marshall, Queensland Country Life (AU)

3 May 2021

 

The world's biggest meat processing company, JBS, has made another play into the plant-based protein market, paying about $530 million for Europe's third largest "fake meat" producer.

 

The Netherlands-based Vivera company has been producing vegetarian meat substitute burgers, sausages and other meat-free products for 30 years.

 

It supplies more than 50 lines to about 27,000 supermarkets across 25 European countries, with a particularly strong market footprint in Britain, Germany and The Netherlands.

 

Australian beef industry leaders say the JBS move - like other global meat companies investing in plant-based protein, including Tyson Foods and Cargill - is about looking at all ways to meet growing global demand for protein.

 

Keep calm and rational ...

 

Business decision ...

 

more

https://www.queenslandcountrylife.com.au/story/7233507/meat-giant-jbs-adds-more-fake-meat-to-its-menu-in-europe/

 

 

JBS USA to Host First Quarter 2021 Earnings Conference Call May 14, 2021

 

Source: JBS USA, LLC

via Yahoo Finance - April 27, 2021

 

GREELEY, Colo., April 27, 2021 (GLOBE NEWSWIRE) -- JBS USA will hold its first quarter 2021 earnings conference call on Friday, May 14, 2021, at 9:00 a.m. Eastern (7:00 a.m. Mountain). The call will be open to investors in the Company’s bonds and term loan, as well as lenders to the Company’s revolving credit facility and prospective investors, securities analysts and market makers. More information about the call will be posted to the Company’s website at www.jbsfoodsgroup.com/. Please refer to the “Investors” tab and click the “JBS USA Bond Investors” link in the Learn More section. Financial statements and related data for the first quarter 2021 will be made available to investors on the Company’s website prior to the call.

 

About JBS USA

 

JBS USA is a leading global provider of diversified, high-quality food products, including a portfolio of well-recognized brands and innovative, value-added premium products. We are a leading processor of beef, pork and prepared foods in the U.S.; a leading processor of beef in Canada; and a leading processor of beef, lamb, pork and prepared foods in Australia. We are also the majority shareholder of Pilgrim’s Pride Corporation (Pilgrim’s), with operations in the U.S. and Mexico and the owner of Moy Park, a leading poultry and prepared foods company in the U.K. and Europe.

 

As a global food company, we process, prepare, package and deliver fresh, further-processed and value-added premium meat and poultry products for sale to customers in approximately 100 countries on six continents.

 

CONTACT:

 

Dunham Winoto

Investor Relations

JBS.USA@jbssa.com

970-506-8192

 

Web site:

https://jbsfoodsgroup.com/

 

SOURCE:

JBS USA

 

source url

https://finance.yahoo.com/news/jbs-usa-host-first-quarter-174500368.html