BROOKS, Alberta – Tyson Foods Inc. said Thursday that it has reached a preliminary agreement to sell Lakeside Farm Industries Ltd. and its subsidiary Lakeside Packers to Canadian beef processor XL Foods Inc.
The company signed a letter of intent on Thursday that will sell the packing, feedyard and fertilizer assets of
“Lakeside is one of the premier beef processing operations in
XL Foods said it plans to continue operating the
“We believe the Lakeside plant and cattle feeding operation will complement our other beef operations in
XL Foods is part of the Nilsson Bros. Group, a Canadian cattle feeding and marketing company.
Source: Tyson Foods Inc.