Cargill has acquired a ground beef processing plant located in Columbia, South Carolina, from FPL Food.
The 100,000 square foot facility employs more than 200 people, Cargill said.
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The site “complements” Cargill’s existing production network, including meat processing facilities in Georgia and Pennsylvania, and “enhances” the company’s ability to serve eastern retail and foodservice customers, the company added.
“Cargill ground beef customers served by this plant will benefit from closer proximity to supplies and improved transit time for their orders,” said John Keating, president of Cargill Beef. “We are acquiring an excellent facility, with outstanding people and capabilities. This acquisition underscores our ongoing commitment to grow our protein business and will enable us to better serve retail and foodservice customers in a region where people love ground beef.”
Keating said that Cargill is expanding its beef production footprint as US beef supply rebounds from a multi-year drought in Texas. “The increased supply should benefit our customers and consumers over the next few years,” he suggested.
Terms of the purchase were not disclosed. The transaction is expected to close around the end of March.
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By GlobalData
