Cargill announced that it has acquired a beef processing plant in Ft. Worth, Texas, formerly owned by AFA Foods. The sale for $14.1 million is expected to close next week, reports Reuters. Cargill plans to keep the approximately 250 full-time ground beef production jobs at the facility and make further investments to boost the plant's competitiveness.
The Fort Worth plant will produce ground beef patties and a variety of ground beef packaged products for both the retail and food service sectors, the company said.