The company will be renamed JBS Foods International.

The offering is part of the global reorganization of JBS SA.

Layoffs are scheduled to begin in August at the company’s Santa Fe Springs case-ready facility.

The company denied any connection to the country’s biggest corruption probe.

Russ Colaco joined the company as director of Strategy & Corporate Development.

The construction project cost nearly $100 million.

World’s largest meatpacker said to join other corporate heavyweights in Ireland.

Fitch Ratings said the meat processor’s proposed reorganization should reduce its exposure to foreign exchange volatility.

The company reported a net loss of $789.08 million.

The new company, JBS Foods International, will be listed on the New York Stock Exchange.