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JBS USA Acquires U.S. Operations of XL Foods

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GREELEY, Colo., April 4, 2013 (GLOBE NEWSWIRE) -- JBS USA (the "Company" or "JBS"), a leading animal protein processor in the U.S., Canada and Australia and a wholly owned subsidiary of Brazil-based JBS S.A., today announced its intent to complete the transaction to purchase certain U.S. operations of XL Foods, effective April 8, 2013.

Upon closing, JBS USA will assume ownership of the following XL properties in the U.S.: a beef packing plant in Omaha, Neb., with the capacity to process 1,100 head of cattle per day and a beef packing plant in Nampa, Idaho, with the capacity to process 1,100 head of cattle per day. The beef processing plant in Nampa is currently idle and the Company has no immediate plans to reopen the facility.

Today's announcement completes the agreement between JBS and XL Foods, originally announced on Oct. 17, 2012.

"Today, JBS announces our intent to finalize the agreement with XL Foods and acquire the beef packing plants in Omaha, Nebraska, and Nampa, Idaho," stated Bill Rupp, president and COO of JBS USA Beef. "We are excited to welcome Omaha into the JBS family and look forward to continuing its legacy of excellent customer service and superior quality products."

On Jan. 14, 2013, the Company completed the acquisition of certain Canadian operations of XL Foods including: a beef packing plant in Brooks, Alta., a beef packing plant in Calgary, Alta., a feedlot in Brooks, Alta. and the adjacent farmland acreage supporting the feedlot operation. Under no scenario will JBS assume any of XL Foods' debt or liabilities.

About JBS USA

JBS USA, an indirect, wholly owned subsidiary of JBS S.A., is a leading processor of beef, pork and lamb in the U.S., a leading processor of beef in Canada and a leading processor of beef and lamb in Australia. JBS USA processes, prepares, packages and delivers fresh, further-processed and value-added beef and pork products for sale to customers in more than 60 countries on five continents. JBS USA is also a majority shareholder of Pilgrim's Pride Corporation, the second largest poultry company in the U.S.

In the United States, Canada, Mexico and Puerto Rico, JBS USA and Pilgrim's Pride conduct operations through ten beef processing plants, three pork processing plants, 31 poultry processing plants, 32 poultry hatcheries, one lamb processing plant, one hide tannery, and 12 feedlot operations run by JBS Five Rivers Cattle Feeding. In Australia the company operates 15 beef and small-animal processing plants, seven feedlots, one hide tannery and seven distribution centers.

For more information, visit www.jbssa.com

About JBS S.A.

JBS S.A. is the global leader in meat production with 303 facilities worldwide and more than 141,000 employees. JBS S.A. processes beef, pork, lamb and poultry in addition to leather and other animal by-products. JBS S.A. processes, prepares, packages and delivers fresh, further-processed and value-added beef, pork, lamb and poultry products in more than 150 countries on five continents.

In South America, JBS S.A. conducts its operations through 120 beef processing, canning, distribution and other facilities, including 58 processing plants in Brazil, five processing plants in Argentina, two processing plants in Paraguay, one processing plant in Uruguay, and 12 distribution centers and five feedlots in Brazil.

For more information, visit www.jbs.com.br.

CONTACT: Cameron Bruett JBS USA Corporate Communications O: +1 970.506.7801 C: +1 202.445.6168 cameron.bruett@jbssa.com

Source:JBS USA