JBS Food Canada to sell Alberta beef cattle feed yard

JBS Food Canada to sell Alberta beef cattle feed yard

Deal subject to regulatory review and approval

JBS Food Canada Inc. will sell Lakeside Feeders, its beef cattle yard and adjacent farmland in Brooks, Alberta, Canada, to MCF Holdings Ltd., a subsidiary of Nilsson Bros. Inc., a livestock-based agricultural business in Alberta, for CA$50 million (US$39.6 million). Completion of the transaction is subject to regulatory review and approval.