The move by National Beef – the fourth largest beef packer in the U.S. – to purchase Iowa Premium adds additional 1,100 head per day of packing capacity to the company.
Jeffries Financial Group announced it has entered into a definitive agreement to sell its remaining 31% interest in National Beef to Marfrig Global Foods SA.
National Beef, the fourth largest beef packer in the U.S., has announced that the company's purchase of Iowa Premium has been finalized.
Farm state legislators have asked for a review of whether the acquisition of National Beef by a Brazilian company threatens the U.S. food supply.
USCA has submitted a request to U.S. Treasury Secretary Steven Mnuchin for an investigation of Marfrig Global Foods’ “near-acquisition” of U.S.-based National Beef Packing Company.
Analysts claim Marfrig's financial leverage will remain elevated even after the recent sale of assets aimed at reducing debt load.