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JBS will buy XL Foods plant on Monday

JBS says it will exercise its option to buy the former XL Foods plant in Brooks, Alberta as JBS Food Canada Incorporated. The plant was at the center of the largest beef recall in Canadian history and eventually shut-down last year. JBS took over operation of the facility in October with the option to buy it. The transaction will be official on Monday, January 14th.

The plant is one of the largest beef processing facilities in Canada with a capacity to handle 4,000 head per day.

Under the terms of the agreement, JBS Food Canada will acquire the XL beef packing plant; a beef packing plant in Calgary, Alberta; a feedlot in Brooks, Alberta, and the adjacent farmland acreage supporting the feedlot operation. Under no scenario will JBS Food Canada assume any of XL Foods’ debt or liabilities.

JBS USA and JBS Food Canada are wholly-owned subsidiaries of JBS SA with 301 facilities and more than 135,000 employees worldwide.