US-based Central Valley Meats has purchased a beef processing plant from Cargill for an undisclosed fee.
The plant, located in Fresno, California, is set to expand Central Valley Meats’ processing capacity.
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In a statement, the company said the deal would improve its “ability to meet market demands while reinforcing their commitment to supporting the cattle and dairy industry in California and the western region”.
Cargill employees at the Fresno plant will be able to “explore roles” with Central Valley Meats as the deal gets underway.
The agri-food behemoth will continue to operate its neighbouring ground beef and hamburger patty facility also in Fresno, according to the statement. Cargill currently has around 880 employees at the beef facility, and has around 1,600 workers across the state in its remaining protein, salt, animal nutrition and food ingredient businesses, the business told Just Drinks.
“Our decision to acquire the Cargill Meat Solutions beef processing facility in Fresno, Calif., aligns with our long-term vision of strengthening our offerings to better serve the needs of our customers,” said Brian Coelho, chief executive officer and owner of Central Valley.
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By GlobalData“We’re excited to work alongside cattle producers in the state and region to continue delivering quality beef products for our customers and consumers.”
Central Valley Meat began in 1993 and now employs more than 900 people, processing 1,500 head of cattle a day, according to its website.
In 2019, Central Valley Meat acquired fellow California business Harris Farms’ beef operations for an undisclosed fee. Central Valley Meat took over Harris Ranch Beef and its subsidiaries, Harris Feeding Company and Harris Ranch Beef Company.
