JBS Food Canada Inc. has reached an agreement to sell Lakeside Feeders, its beef cattle feed yard and adjacent farmland in Brooks, Alberta, Canada to MCF Holdings Ltd., a subsidiary of Nilsson Bros. Inc., a livestock-based agricultural business in Alberta, for $50 million CAD. Completion of the transaction is subject to regulatory review and approval.
Under terms of the agreement, MCF will continue to supply cattle to the JBS Food Canada beef processing facility in Brooks. MCF anticipates offering employment to current feed yard and farm employees upon closing.
Source: JBS Food Canada