- Deal strengthens presence in the United States and Europe 
    - Rigamonti assumes the historic brands King's and Principe, and the 
group's entire operation in the United States, on top of four production 
facilities in Italy

JBS, the world's leading global protein-based food company, has signed an 
agreement to acquire 100% of King's Group by its subsidiary Rigamonti, 
currently the leader in production of bresaola. With this acquisition, JBS will 
have a presence in Italy's three largest regions for specialties of pork with 
the D.O.P. and I.G.P. seals -- Protected Denomination of Origin and Protected 
Geographical Indication. These classifications used by the European Union 
recognize the quality and unique characteristics of food produced in specific 
locations.

With the investment of EUR82 million (US$ 92.5 million), the company acquires 
four plants in Italy, two in the province of Parma, one in Vicenza and the 
fourth in Udine, as well as the entire operation of Principe in the United 
States, which includes a plant dedicated to slicing cuts in New Jersey.

The deal also covers the commercial operations of two historic brands renowned 
for their high quality in the Italian delicatessen market: King's brand, 
founded in 1907 in Sossano, in the Veneto region, recognized by the Italian 
government as a "Historical Brand of National Interest", and Principe brand, 
founded in 1945 in Trieste, in the region of Friulli-Venezia Giulia. Rigamonti 
now holds a 20% equity stake in Piggly, Italy's first producer of sustainable, 
100% antibiotic-free pigs, with facilities in Mantova and Verona.

Present in the United States and in over 20 countries, King's Group is a market 
leader in the production of Prosciutto di San Daniele D.O.P. and is an 
important player in the production of Prosciutto di Parma D.O.P., in addition 
to producing specialties like GranSpeck and Prosciutto Veneto D.O.P. The entire 
management of these assets will be assumed by Rigamonti, world leader in the 
production of Bresaola I.G.P.

The acquisition of King's Group facilities and brands is strategic to the 
expansion of JBS in the United States and Europe, but also in other regions 
because the company will now have a portfolio and structure for producing and 
distributing authentic Italian specialties like prosciutto, bresaola, bologna 
sausage, speck and salami with certification of origin, using craft 
manufacturing and curing techniques.

"This acquisition is in line with our strategic approach of growing in high 
value-added products. It puts us among the leaders in Italian 'salumeria' and 
leverages our commercial strategy in the US, where we are investing US$ 200 
million in an Italian specialties plant. The growth potential of the King's and 
Príncipe brands in Europe and the United States is significant," said Gilberto 
Tomazoni, JBS global CEO. 

"We are certain that JBS will work to preserve the intangible value of our 
brands and products with certification of origin, protecting the history of 
these veritable items of Italian heritage as it has already done with 
Rigamonti," said Claudio Palladi, Rigamonti CEO.

JBS will also reap additional synergy in the US market where the company's 
subsidiary Swift Prepared Foods is building a new Italian meats and charcuterie 
facility in Columbia, Missouri, expected to open in 2022.

The deal was approved by the JBS board of directors and will be concluded after 
approval by antitrust authorities.

About JBS

JBS is the leading global protein-based food company. With a platform 
diversified by types of product (poultry, pork, beef and lamb, as well as 
plant-based), the Company has over 250,000 employees in production units and 
offices on all continents, in countries like Brazil, the United States, Canada, 
the United Kingdom, Australia, and China, among others. In Brazil, JBS is the 
country's largest employer, with over 145,000 employees. Worldwide, JBS offers 
an extensive portfolio of brands recognized for excellence and innovation: 
Swift, Pilgrim's Pride, Seara, Moy Park, Primo, and Just Bare, among many 
others that reach the tables of consumers in 190 countries every day. The 
company also invests in correlated businesses like leather, biodiesel, 
collagen, personal hygiene and cleaning products, natural wrapping, solid waste 
management solutions, recycling, metallic packaging and transport with emphasis 
on the circular economy. JBS conducts its business prioritizing the high 
quality and safety of food and adopts the best sustainability and animal 
welfare practices across its entire value chain, and in March 2021 it assumed 
the commitment to be Net Zero by 2040. This means that JBS will zero the net 
balance of its greenhouse gas emissions  by reducing the intensity of its 
direct and indirect emissions and offsetting all residual emissions. JBS was 
the first global company in the protein industry to establish this commitment, 
with the aim of feeding people around the world in an increasingly sustainable 
manner.

SOURCE  JBS

CONTACT: JBS – Corporate Communication Office - +55 11 3144-7997 | 5364 | 4996, 
imprensa@jbs.com.br