In a move first signalled last May, global meat giant JBS has confirmed it will establish the parent company for the whole JBS Group here in Ireland. Under documents lodged with the Securities and Exchange Commission (SEC) in New York this week, JBS detailed its plans for a proposed global reorganisation of JBS. Upon the completion of the reorganisation, JBS Foods International plc based in Dublin will be the ultimate parent company of the JBS Group.
JBS already has a presence in Ireland through its subsidiary Moy Park which is the largest poultry meat producer in Northern Ireland, however as this falls under the jurisdiction of the U.K. it is not in the Eurozone and in coming times will not even be in the European Union any more.
At this stage there is no indication that JBS will look to acquire any processing units in the Republic of Ireland.