Create a free Feed & Grain account to continue reading

JBS to acquire Midwest grain marketer, pork producer

JBS has served as the exclusive customer of TriOak Foods since 2017.

Photo courtesy of TriOak Foods
Photo courtesy of TriOak Foods

JBS USA has reached an agreement to acquire certain assets from TriOak Foods, a Midwest-based grain marketer and pork producer, for an undisclosed amount.

The two companies have a long-standing business relationship, with JBS USA serving as the exclusive customer of TriOak market hogs since 2017.

TriOak Foods based in Iowa

A family operation established in 1951, TriOak Foods includes live pork production, grain merchandising and fertilizer marketing.

Agricultural real estate assets in Iowa are not included in the transaction. A leader in on-farm sustainability, TriOak Foods hog farms include multiple open-pen gestation facilities and farms compliant with California’s Proposition 12 rule.

“As a longtime, exclusive hog supplier to JBS USA, TriOak Foods has a proven track record of maintaining the highest standards for animal health, well-being and product quality," said Matthew Turner, DVM, JBS USA Head of Live Pork. "We look forward to continuing our strong partnership with the TriOak team.”

JBS is exclusive customer of TriOak

JBS USA is currently the exclusive customer of TriOak Foods.

This evolution in the long-standing partnership will allow JBS USA to ensure consistent supply and increased efficiencies, resulting in affordable, quality products for American consumers and new opportunities for both TriOak and JBS team members, said Randy Pflum, TriOak Foods President and CEO.

“In alignment with our core beliefs, JBS USA invests in its team members and the communities where they operate," said Pflum. "I believe the future will be very promising for both of our organizations as a result of this partnership.”

JBS USA currently operates five pork production facilities in Beardstown, Illinois; Louisville, Kentucky; Marshalltown, Iowa; Ottumwa, Iowa; and Worthington, Minnesota, a value-added meat processing facility in Pipestone, Minnesota, sow production facilities in Arkansas and Texas, and contract sow production facilities in Arkansas, Oklahoma and Missouri.

“With a focus on meeting customer and consumer expectations, this announcement means that JBS USA will continue expanding our premium pork product mix, including open pen gestation and Proposition 12-compliant hogs,” said Marty Dooley, JBS USA Pork president.

The transaction is subject to customary closing conditions.

Page 1 of 356
Next Page