Thread: Swift & Co being sold to Brazil

http://www.dallasnews.com/sharedcont...le.5468be.html
Dallas-based HM Capital selling Swift & Co.
02:32 PM CDT on Tuesday, May 29, 2007
Associated Press

DENVER — Swift & Co., one of the nation’s largest meatpacking companies, said Tuesday it will be sold to a Brazilian company in a $225 million cash deal.

JBS S.A. also will assume $1.2 billion in debt under the agreement with Swift’s owners, HM Capital Partners of Dallas and Vail-based Booth Creek Management Corp.

Closing is expected in mid-July and is contingent upon antitrust reviews.

The announcement comes about four months after Swift, which was targeted by a wide-scale immigration raid in December, said it was reviewing its operations and looking at a potential sale.

“Joining J&F to become the world’s largest beef and pork processor, Swift should emerge even stronger, and that is good news for our partnership customers, our suppliers and our employees,â€

Gosh, do you think the statements made in their "Meat Industry Issues" section will still hold true?

http://www.swiftbrands.com/media/issues.php

Originally Posted by Disillusioned

Gosh, do you think the statements made in their "Meat Industry Issues" section will still hold true?

http://www.swiftbrands.com/media/issues.php

I see imported beef, labeled SWIFT Brands.