Brazil & World Largest Meat Processing Company JBS Secondary Listing IPO on New York Stock Exchange (NYSE) at $16 Billion Market Value, Dual-Listed on Both NYSE & Sao Paolo Exchange (Brazil B3), Founded in 1953 by Jose Batista Sobrinho, 2 Largest Shareholders are J&F and BNDESPar, J&F Owned by 2nd Generation Brothers Joesley Batista & Wesley Batista with $8 Billion Fortune
15th June | Hong Kong
Brazil & the world’s largest meat processing company JBS secondary listing IPO on New York Stock Exchange (NYSE) at $16 billion market value, and is dual-listed on both NYSE & Sao Paolo Exchange (Brazil B3). JBS was founded in 1953 by Jose Batista Sobrinho. JBS 2 largest shareholders are J&F and BNDESPar. J&F is owned by 2nd generation brothers Joesley Batista & Wesley Batista with $8 billion fortune. Profile – JBS is a global leader in protein-based foods, with a diversified production platform spanning 17 countries. With over 250 production facilities, JBS serves more than 300,000 customers and distributes products to over 180 markets. Founded in Brazil 72 years ago, the company currently employs approximately 280,000 people worldwide. Founder – José Batista Sobrinho is the founder of JBS and was born in Carmo do Rio Claro (State of Minas Gerais) in December 1933. Casa de Carnes Mineira was his first business endeavor which was launched in 1953 with his brother Juvensor Batista. It was the start of what later became JBS. Within the following years, they took their business to the future capital of Brazil, Brasília, seeking opportunities to expand their company. Juvensor traveled across farms of the region purchasing cattle, while Zé Mineiro focused on the abattoir activities while delivering between 4,000 and 5,000 kilos of boneless meat to cafeterias of local construction companies. Subsequently, the brothers acquired slaughterhouses and in Formosa (GO), set up the cold storage warehouses. In 1975, Casa de Carnes Mineira changed its name to Friboi. Only three years later, Zé Mineiro’s eldest son, José Batista Júnior, convinced his father to open a meat distribution company in Brasília which became a very successful initiative. Friboi also purchased other distributors in that region, expanding its operations in the Federal District as of 1980. Later, Zé Mineiro made the decision to invest in diversification as a means to benefit from the synergies with the meat processing and cold storage businesses and thus purchased Cical. The company was soon rebranded Flora, as a tribute to his wife, and over the years the business expanded its product line and has now become the household and cleaning products division of J&F. José Batista Júnior took over management of the newly purchased factory and became president of Friboi, while Zé Mineiro managed the cattle farm, giving his son carte blanche to further develop the business. He managed the company with great determination and courage, leading its expansion process. The slaughterhouse in Formosa (GO) was sold, and a larger plant was acquired in 1982, in Planaltina (Brasília). A year later, the company began to sell meat outside Brasília, supplying other markets such as that of Rio de Janeiro. During this decade, Wesley and Joesley joined their brother’s efforts to lead the Group’s growth and diversification process through the acquisition of meat processing and cold storage plants and multiple companies, in Brazil and abroad, up to the point when JBS became a global leader in the protein industry. As a result of his unassuming personality, the patriarch likes to say that his children did not learn from him but on their own. The absolute trust he always placed in them was decisive for the company’s successful trajectory, having operations in 190 countries, with 200 business units. The values which Zé Mineiro embraced throughout his career define both his lifestyle and work method. Thus, they also established one of his main legacies: a very unique business culture, management style, way of doing business and interacting with people. These values are all about simplicity, being straightforward, humble, determined, having discipline, being available and embracing the owner’s attitude. A strong organizational culture portrays the company’s personality and identity, develops a sense of belonging and employee engagement, which attracts market attention and grants credibility to the company.
“ Brazil & World Largest Meat Processing Company JBS Secondary Listing IPO on New York Stock Exchange (NYSE) at $16 Billion Market Value, Dual-Listed on Both NYSE & Sao Paolo Exchange (Brazil B3), Founded in 1953 by Jose Batista Sobrinho, 2 Largest Shareholders are J&F and BNDESPar, J&F Owned by 2nd Generation Brothers Joesley Batista & Wesley Batista with $8 Billion Fortune “
Brazil & World Largest Meat Processing Company JBS Secondary Listing IPO on New York Stock Exchange (NYSE) at $16 Billion Market Value, Dual-Listed on Both NYSE & Sao Paolo Exchange (Brazil B3), Founded in 1953 by Jose Batista Sobrinho, 2 Largest Shareholders are J&F and BNDESPar, J&F Owned by 2nd Generation Brothers Joesley Batista & Wesley Batista with $8 Billion Fortune
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