Cargill Limited and Better Beef Limited have reached an agreement for Cargill to purchase beef processing and related assets operated by Better Beef Limited, headquartered in Guelph, Ontario.

The agreement is subject to normal government approval and other conditions typical of these types of transactions.

The combination will significantly enhance product and service offerings for food customers and producers both in Canada and around the world. Cargill and Better Beef are committed to leveraging their experience and strengths to provide more value to suppliers and customers.

Source: Company Release