- Colorado headquartered JBS USA presents its intention to lease and acquire J&B group’s Pipestone facility.
- Under the agreement, the company to retain J&B’s workforce at the facility.
Colorado based American food processing company, JBS USA recently announced entering into an agreement with the J&B Group Inc., to acquire the latter’s value added-meat processing facility in Pipestone. Reliable sources claim that the Pipestone in anyway was subjected to close in the upcoming months. However, the financial deals of the acquisition or agreement have not yet been disclosed.
J&B group is a distributor, protein manufacturing, and freight logistics company. It continues to develop its recent extension in the Minnesota facility along with taking hold of the increased production.
The agreement notifies that the facility will join JBS USA and retain the workforce of over 130 employees whilst ensuring the imminent contribution of the company to the Pipestone community in the near future. JBS USA has rendered a strong track record of success and strong expertise in its business vertical.
On the acquisition, Bob Krebs, the COO of JBS USA Pork, cited that the company was extremely delighted to welcome the Pipestone team onboard. Apparently, the company has a positive work record with J&B team under the common goals of securing jobs and providing sustainable future for the facility.
He further added that the company believes that J&B’s infrastructure and workforce put forward great opportunity for the company to expand its ability on the grounds of offering high quality products to both the domestic as well international markets. The company further plans on investing heftily in the facility and expanding the business further, promoting the employee and community growth.
The J&B Group on September this year announced selling the Pipestone facility and relocation of the production to the company’s St. Michael facility in Minnesota. With no buyer specified and finalized, the facility was expected to witness a shutdown this month.