What's Happening?
JBS USA has announced a $100 million investment to acquire and expand a former Hy-Vee production facility in Ankeny, Iowa. The Brazilian-owned company plans to transform the plant into its largest U.S. operation for ready-to-eat sausage and bacon. This expansion is expected to create 400 jobs, with a focus on hiring former Hy-Vee employees who were laid off when the facility closed. The Ankeny plant will utilize products from other JBS plants in Iowa, including a new facility in Perry, which is set to begin construction later this year. The Perry plant is expected to employ 500 people and open by mid-2026.
Why It's Important?
This investment by JBS USA is significant for the local economy, particularly in Ankeny and Perry, Iowa. The creation of 400 jobs in Ankeny and 500 jobs in Perry will provide employment opportunities for many, including those affected by previous layoffs. The expansion aligns with JBS's strategy to increase its value-added and prepared foods offerings, potentially boosting its market share in the U.S. meat industry. Additionally, the move may stimulate economic growth in the region, supporting local businesses and communities.
What's Next?
Construction of the new Perry facility is expected to begin later this year, with operations commencing by mid-2026. JBS will continue to recruit and train employees for both the Ankeny and Perry plants, focusing on integrating former Hy-Vee workers. The company will also work on optimizing production processes to ensure efficient operations across its expanded facilities.
