JBS Food Canada Acquires Asset Portfolio from XL Foods and Lakeside Feedyards

JBS Food Canada Inc. acquired a substantial asset portfolio from XL Foods Inc. and Lakeside Feedyards Inc.

The asset acquisition comprised a beef processing facility and a cattle feedlot near Brooks, Alberta, approximately 7,500 acres of land in southern Alberta as well as cattle inventory.

The Brooks facility is one of the largest beef processing plants in Canada and JBS Food Canada Inc. is now one of the largest employers in southern Alberta.

JBS Food Canada Inc. is a wholly owned indirect subsidiary of JBS USA Holdings, Inc., which is a wholly owned subsidiary of Brazilian-based JBS S.A. (JBS).

JBS is a world leader in the production of animal protein and the second largest private Brazilian multinational company with operations in North America, Central and South America, Australia, Europe, Asia and Africa. JBS's distribution reaches consumers in more than 140 countries on five continents.

JBS Food Canada Inc. was represented internally by Nicholas White, David Wagner, and Craig Raysor and externally in Canada by Stikeman Elliott LLP with a team comprising Wayne Shaw, Glenn Cameron and Michael Dyck (corporate); Catherine Grygar and Rose Anderson (real estate); Paul Collins and Ashley Weber (competition); Lorna Cuthbert (immigration); Gary Clarke and Cheryl Rea (employment) and John Lorito and Alan Kenigsberg (tax). JBS Food Canada Inc. was represented in the United States by McGrath North Mullin & Kratz, PC LLO with a team comprising Roger Wells and Patrick Straka.

XL Foods Inc. and Lakeside Feedyards Inc. were represented internally by Robert Anderson and externally by Miller Thomson LLP with a team comprising David McCalla and David Eigenseher (corporate) and Brendon Ho (real estate).