# JBS

JBS is an Asset Manager.

## Overview

- **Organization type:** Asset Manager
- **Assets under management:** Undisclosed

## Regulatory record

- **Reports private funds:** No

## About

José Batista Sobrinho founded the business in 1953 as a single slaughterhouse in Anápolis, Goiás. His sons, Joesley and Wesley Batista, took operational control in the 1980s and drove an expansion that transformed JBS from a regional beef processor into the largest meat company on the planet, acquiring Swift & Company, Pilgrim's Pride, and the international assets of Smithfield Foods along the way. The family's holding company, J&F Investimentos, retains control of JBS S.A. through concentrated voting shares. The company operates across beef, pork, poultry, and prepared foods, with processing facilities spanning Brazil, the United States, Australia, Canada, and Europe. A secondary listing on the New York Stock Exchange via Brazilian Depositary Receipts gives US institutional investors exposure to the consolidated protein platform. In the US market, JBS USA runs beef plants from Greeley, Colorado to Grand Island, Nebraska, while Pilgrim's Pride — majority-owned by JBS — is the second-largest US chicken producer. The Australian operations, anchored by the former Primo Smallgoods and Rivalea acquisitions, supply protein across the Asia-Pacific region. JBS reported net revenue of R$364 billion in 2024, with roughly 270,000 employees worldwide across 500 production units. The corporate structure routes through JBS S.A., the Brazil-listed parent, with JBS USA Holdings as the main North American operating subsidiary. A planned US IPO of JBS's international operations was shelved in 2024 after investor pushback over governance and the Batista family's control structure. The Batistas' J&F Investimentos also holds controlling stakes in Banco Original, Âmbar Energia, and the pulp-and-paper giant Eldorado Brasil. The Batista family's concentrated voting control — combined with a 2017 plea agreement in which J&F paid R$10.3 billion in fines to Brazilian authorities and JBS's holding company settled US Foreign Corrupt Practices Act charges with the SEC and DOJ — makes JBS a structurally distinct public company where shareholder activism encounters a locked control block. The US listing proposal triggered a rare coalition of US senators and European pension funds arguing that the governance record should block access to American public markets, crystallizing the tension between JBS's operational scale and its concentrated family control.

## Questions

### What was the outcome of the 2017 US and Brazil corruption probes?

In 2017, J&F Investimentos and JBS executives admitted to paying hundreds of millions in bribes to Brazilian politicians in exchange for favorable loans and regulatory treatment. J&F entered a leniency agreement with Brazil's Federal Public Ministry and paid a R$10.3 billion fine, the largest in Brazilian corporate history. JBS separately settled FCPA charges with the US Department of Justice and SEC, paying approximately $280 million in penalties. The resolutions did not require an independent monitor or governance changes at the JBS parent level.

### Why did JBS shelve its US IPO plans in 2024?

JBS had proposed listing its international operations on the New York Stock Exchange to unlock valuation and provide a US-traded equity vehicle. A coalition of US senators, UK pension funds, and environmental groups opposed the listing, citing the Batista family's governance record, the 2017 corruption settlements, and deforestation-linked supply chain concerns. Facing uncertain SEC approval prospects and institutional investor resistance, JBS withdrew the IPO application in October 2024.

### What is JBS's footprint in the United States?

JBS USA, headquartered in Greeley, Colorado, is one of the largest US meat processors, operating beef plants across Colorado, Nebraska, Texas, and Utah, and pork facilities in Iowa, Minnesota, and Kentucky. Through its majority stake in Pilgrim's Pride, JBS controls the second-largest chicken processor in the country. The US operations account for roughly half of JBS's global revenue and represent the company's most profitable segment by margin contribution.

## Related profiles

- [Somnigroup International](https://altss.com/profile/somnigroup-international-inc)
- [CGI Inc.](https://altss.com/profile/cgi-inc)

---

Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/jbs-nv

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology