Cargill is successful bidder for US beef facility
Cargill is the successful bidder for the former AFA Foods, ground beef processing plant in Fort Worth, Texas, resulting from a federal bankruptcy court auction, with a bid of $14.1m for the facility, plus the purchase of all working capital assets.
Based in King of Prussia, (US), AFA filed for chapter 11 protection on 2 April.
Cargill bid only on AFA’s Fort Worth plant. The transaction also received court approval today and the sale is expected to close next week.
Mary Thompson, president of the Cargill Value Added Meats Food Service business headquartered in Wichita, US, said: “We’re thrilled to be the winning bidder for the Fort Worth facility due to its track record of producing quality products and satisfying customers, its geographic advantage to our retail and foodservice customers, its proximity to raw materials and its access to growing regions.”
Source: Cargill
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