Consumer DECODED
Previous edition: 10 May 2024
Share article
Get the full version straight to your inbox.
Exclusive access to our best-in-class data & intelligence
Subscribe now
Central Valley buys beef plant from Cargill
US-based Central Valley Meats has purchased a beef processing plant from Cargill for an undisclosed fee.
The plant, located in Fresno, California, is set to expand Central Valley Meats’ processing capacity.
In a statement, the company said the deal would improve its “ability to meet market demands while reinforcing their commitment to supporting the cattle and dairy industry in California and the western region”.
Cargill employees at the Fresno plant will be able to “explore roles” with Central Valley Meats as the deal gets underway.
The agri-food behemoth will continue to operate its neighbouring ground beef and hamburger patty facility also in Fresno, according to the statement. Cargill currently has around 880 employees at the beef facility, and has around 1,600 workers across the state in its remaining protein, salt, animal nutrition and food ingredient businesses, the business told Just Drinks.
“Our decision to acquire the Cargill Meat Solutions beef processing facility in Fresno, Calif., aligns with our long-term vision of strengthening our offerings to better serve the needs of our customers,” said Brian Coelho, chief executive officer and owner of Central Valley.
“We’re excited to work alongside cattle producers in the state and region to continue delivering quality beef products for our customers and consumers.”
Central Valley Meat began in 1993 and now employs more than 900 people, processing 1,500 head of cattle a day, according to its website.
In 2019, Central Valley Meat acquired fellow California business Harris Farms’ beef operations for an undisclosed fee. Central Valley Meat took over Harris Ranch Beef and its subsidiaries, Harris Feeding Company and Harris Ranch Beef Company.
Latest news
“There's no silver bullet to the on-premise in the UK” - SIBA CEO on the UK indie brewing scene
Profitability remains a major challenge for UK brewers, says Andy Slee.
Pronghorn backs Japanese whisky maker Shinju Spirits
The Diageo-backed spirits incubator Pronghorn has closed a “strategic investment” in Japanese whisky maker Shinju Spirits.
UK beer sales “just starting to recover” from Covid volume slump - GlobalData
GlobalData alcoholic beverages research director David Harris said on-premise closures and inflation have hit craft-beer sales particularly hard.
Jackson Family Wines enters Bourbon
US wine company Jackson Family Wines has entered the spirits sector with the release of Stonestreet Kentucky Straight Bourbon.
Beyond Meat pressure, Tyson's chicken challenge, Hain pains, Green Giant future - Just Food's week in data
Each week, Just Food bring you a snapshot of the news through data.
Monde Nissin plagued again by meat-free as Quorn sales fall in UK
Meat alternatives have again plagued Monde Nissin’s results as first-quarter sales in the category dropped and profits remained in the red.
Mars links up with FrieslandCampina on sustainable dairy plan
US food and pet-food giant Mars has joined forces with Dutch dairy cooperative FrieslandCampina on a sustainable dairy plan.
In our previous edition
Consumer Decoded
Reining in the punks: What BrewDog's new CEO means for the UK brewer
09 May 2024
Consumer Decoded
Campari's “steady” Q1s - key takeaways
08 May 2024
Consumer Decoded
Australian Vintage CEO exit naturally casts doubt on Accolade talks
07 May 2024
Newsletters in other sectors
Aerospace, Defence & Security
Automotive
Banking & Payments
Medical Devices
Travel and Tourism
Search companies, themes, reports, as well as actionable data & insights spanning 22 global industries
Access more premium companies when you subscribe to Explorer