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The subsidiary was created when JBS entered the U.S. market in 2007 with its purchase of Swift & Company. JBS USA is based in Greeley, Colorado . [ 1 ] Its competitors include Hormel Foods , Cargill , Smithfield Foods , National Beef , and Tyson Foods .
Swift & Co. v. United States, 196 U.S. 375 (1905), was a case in which the United States Supreme Court ruled that the Commerce Clause allowed the federal government to regulate monopolies if it has a direct effect on commerce. It marked the success of the Presidency of Theodore Roosevelt in destroying the "Beef Trust". This case established a ...
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In 2007, JBS went through with a US$225m acquisition of U.S. firm Swift & Company, [12] which was the third largest U.S. beef and pork processor, renamed as JBS USA. It leads the world in slaughter capacity, at 51.4 thousand head per day, and continues to focus on production operations, processing, and export plants, nationally and internationally.
What will you do for Thanksgiving without Bell's stuffing this year?
In 1921, Wilson & Co., a major Chicago meatpacker, took an option on the plant, but did not exercise it. In 1924, the facility was sold at auction for $623,000 to Swift & Co., then the largest meatpacker in the world. Swift re-opened the plant in March 1924. [2] [3] In 1938–39, a strike closed the plant for 119 days.