US meat processing giant Tyson Foods has completed the sale of its unit in Brooks, Alberta, Canada, to XL Foods.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The sale of one of Canada’s largest beef-processing operations was announced last June for C$107m, with the deal being denominated in Canadian currency. At that time, the Canadian and US dollars were trading more or less at parity but subsequently the Canadian dollar has declined to US$0.79.


Tyson said the deal included payment on 13 March of C$55.5m in cash, with a further C$50m, plus interest, to be paid over a five-year period. This made the overall value of the deal dependent on future exchange rates, Tyson added.


XL is part of Nilsson Bros Group, a Canadian cattle feeding and marketing company.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact