Canada-Tysons wind up in Canada.
UNITED STATES-
The world’s largest chicken, beef and pork processor says it still plans to buy Canadian cattle even after it completes the sale of its Brooks, Alta. beef packing plant.
Arkansas-based Tyson Foods announced Friday that it expects to wrap up the sale of its Lakeside Farm Industries operation at Brooks to XL Foods by the middle of March.
The announcement follows the statement Friday from Canada’s federal Competition Bureau that it "will not at this time challenge" Alberta-based XL’s $105.5 million acquisition of Lakeside.
"We’re pleased the Competition Bureau has finished its review and we’re ready to move forward with the sale," said Leland Tollett, Tyson’s interim president and CEO, in a separate release Friday. "As we’ve previously stated, Lakeside is one of Canada’s leading beef processing operations, but it simply no longer fits our company’s long-term strategy."
Tyson has said its current international focus is primarily on expanding the company’s presence in Asia, Mexico and South America.




