CANADA, Brooks, Alberta. JBS Food Canada agreed to sell its feed yard, Lakeside Feeders, and the adjacent farmland in Brooks, Alberta, Canada, to MCF Holdings Ltd., for CAN$50 mill.
MCF Holdings is a subsidiary of Nilsson Bros. Inc., an agribusiness firm with operations across the Western provinces of Canada.
Under terms of the deal, MCF will continue to supply cattle to the JBS Food beef processing facility in Brooks. MCF expects to offer employment to current feed yard and farm workers upon closing. The transaction is subject to regulatory review and approval.