During 2019, JBS USA Beef maintained its investment strategy, investing US$ 1.8 billion over the past 10 years. The investment strategy includes a focus on scale, diversification, unique sales and distribution capacity, and high-quality products.
Also in 2019, JBS USA Pork reached a milestone of US$ 500 million invested over the last 10 years. Strong growth during this period allowed the Company to gain a 15% share of global industry exports.
During the year, in the U.S. alone, more than 200,000 hours and US$ 33 million were invested by the Company in leadership training and development programs for its team.
Pilgrim’s acquired Tulip Limited in 2019 for approximately US$ 392 million. As one of the largest pork and prepared foods companies in the United Kingdom, the Tulip acquisition positioned Pilgrim’s as a global leader in pork and prepared foods, these categories now account for 17% of Pilgrim’s global sales.
In Australia, sales increased 6.5%, export revenue increased 10.4% and domestic revenue decreased 2.4% from 2018 to 2019.