M&A Deal Summary

Friona Industries Acquires Cargill - Beef Cattle Feed Yards

On July 8, 2016, Friona Industries acquired agriculture company Cargill - Beef Cattle Feed Yards from Cargill

Acquisition Highlights
  • This is Friona Industries’ 1st transaction in the Agriculture sector.
  • This is Friona Industries’ 1st transaction in the United States.

M&A Deal Summary

Date 2016-07-08
Target Cargill - Beef Cattle Feed Yards
Sector Agriculture
Buyer(s) Friona Industries
Sellers(s) Cargill
Deal Type Divestiture

Target

Cargill - Beef Cattle Feed Yards

United States
Cargill - Beef Cattle Feed Yards comprises cattle feed yards. The asset is located in the United States. Cargill’s Texas cattle feed yards aligns with the company’s evolving protein business strategy which emphasizes growth fueled by being the supplier of choice for customers and by providing them with superior products and services.

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Buyer(S) 1

Buyer

Friona Industries

Amarillo, Texas, United States

Category Company
Founded 1962
Sector Agriculture
DESCRIPTION

Friona Industries LP engages in cattle feeding businesses. The company offers various cattle feeding services ranging from preconditioning calves through final finishing for slaughter.


DEAL STATS #
Overall 1 of 1
Sector: Agriculture M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Cargill

Wayzata, Minnesota, United States

Category Company
Founded 1865
Sector Agriculture
Employees142,000
Revenue 136.6B USD (2012)
DESCRIPTION
Cargill's corporate headquarters in Wayzata, Minnesota.
Cargill's corporate headquarters in Wayzata, Minnesota.

Cargill is a global company involved in the food, agriculture, financial, and industrial sectors. Its operations include the trading, processing, and distribution of agricultural commodities; production of meat, poultry, and other food products for both retail and foodservice markets; and the provision of essential industrial products like salt and bio-industrial materials. Cargill was formed in 1865 and is based in Wayzata, Minnesota.


DEAL STATS #
Overall 14 of 22
Sector: Agriculture M&A 2 of 3
Type: Divestiture M&A Deals 10 of 18
Country: United States M&A 11 of 15
Year: 2016 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-06 Cargill - U.S. Ag-Retail Business

United States

Cargill - U.S. Ag-Retail Business comprises of18 Ag-retail locations with annual revenues of over $150-million. The outlets are located across the northern U.S. Corn-Belt region, in the states of Nebraska, South Dakota, Minnesota, Wisconsin, Michigan and Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-05 Cargill - Oilseed Processing Business

Netherlands

Cargill - Oilseed Processing Business located in Netherlands and France. In the Netherlands, the transaction includes the soybean and rapeseed crush and soybean oil refining facility in the Port of Amsterdam as well as part of the bulk port terminal assets dedicated to supporting discharge and storage of raw materials for the crush plant. In France, it includes the soybean and rapeseed crush facility located in the Port of Brest. The aggregate annual processing capacity at the two locations is approximately two million tons.

Sell -