America’s Cargill Limited and Canada’s Better Beef Limited have announced that the two companies have reached an agreement for Cargill to purchase beef processing and related assets operated by Better Beef Limited, headquartered in Guelph, Ontario.

"This combination has broad benefits and is a natural fit," said Bennie

de Jonge, founder and president of Better Beef Limited. "We see this as an opportunity to further strengthen the Ontario and Canadian beef supply chain in these challenging times."

"As a company that has developed deep roots in Canada over the past

80 years, Cargill is committed to ongoing investment and a strengthening of the Canadian beef sector," said Bill Buckner, Cargill's corporate vice president and president of Cargill Meat Solutions. "This new development illustrates our commitment to not only enhancing our operations, but also solidifies our vision for value-added creation for our customers and producers."

Established in 1972, Better Beef Limited is one of the leading beef processing companies in Canada. The company provides superior beef products to consumers throughout the world. Cargill Limited, headquartered in Winnipeg, Manitoba, employs 6,000 people across the country and has business interests in meat, egg and oilseed processing, animal nutrition, malt, salt, chocolate, natural gas, crop inputs, as well as grain handling and merchandising.