![Brazilian Meatpacker Sells US Cattle Feedlot Operations](http://townsquare.media/site/94/files/2018/03/GettyImages-150683173.jpg?w=980&q=75)
Brazilian Meatpacker Sells US Cattle Feedlot Operations
GREELEY, Colo. (AP) — A Brazilian meatpacking company that has property in south-central Idaho has sold its U.S.-based Five Rivers Cattle Feeding operation as part of a $1.8 billion divestment of assets.
JBS, the world's largest meatpacking company, was fined $3.2 billion after company leaders acknowledged paying about $150 million in bribes to Brazilian politicians to help it gain financing to expand the company.
The Greeley Tribune reports JBS sold Five Rivers Cattle Feeding to Pinnacle Asset Management for $200 million in a deal that closed Friday.
The feeding operations — which includes 11 feed yards in six states — will be managed by Acadia Asset Management and Ospraie Management.
JBS's U.S. operations are based in Greeley. It also has feeding operations in Malta, Idaho, as well as Arizona, Kansas, Oklahoma and Texas.
More From 95.7 KEZJ
![Don’t Miss When Comic Con Comes to the Magic Valley This Summer](http://townsquare.media/site/94/files/2024/07/attachment-Add-a-heading-2024-07-24T181143.377.jpg?w=980&q=75)
![The One Road Trip You Must Take in Idaho](http://townsquare.media/site/94/files/2024/07/attachment-Add-a-heading-2024-07-14T190927.245.jpg?w=980&q=75)
![Newest and Most Unique Football Trophy Comes to the Gem State](http://townsquare.media/site/94/files/2024/07/attachment-Add-a-heading-2024-07-22T194505.935.jpg?w=980&q=75)
![What Would You Do? Choosing Trailer or Boat in Idaho](http://townsquare.media/site/94/files/2024/07/attachment-Add-a-heading-2024-07-08T104956.125.jpg?w=980&q=75)
![Are You Overweight, Underweight or Just Right by Idaho Standards?](http://townsquare.media/site/94/files/2023/03/attachment-Add-a-heading-2023-03-14T134229.264.jpg?w=980&q=75)
![Truck Overturns Near Malta, Driver Flown to Pocatello](http://townsquare.media/site/95/files/2017/10/HelicopterAmbulance_BenitoBaeza.jpg?w=980&q=75)
![Oregon Man Killed When Truck and Camper Roll on I-84](http://townsquare.media/site/95/files/2017/08/Ambulance_iStock.jpg?w=980&q=75)
![I-84 a Rough Spot for Drivers in Southern Idaho Saturday](http://townsquare.media/site/95/files/2019/12/Crash-3.jpg?w=980&q=75)
![Geothermal Fire Reported South of Malta](http://townsquare.media/site/95/files/2019/08/GeothermalFire_BLM.jpg?w=980&q=75)