Hanford-based Central Valley Meat Co. announced it will purchase Cargill Meat Solutions' Fresno beef processing plant. (GV Wire Composite/Paul Marshall)
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Hanford-based Central Valley Meat Co. announced another major acquisition for the family-owned company — this one from a national name.
On Tuesday, Central Valley Meat made clear its plans to purchase Cargill Meat Solutions’ beef processing plant in Fresno, allowing Central Valley Meat to expand its capacity, according to a news release.
Terms of the deal were not released.
Cargill employs more than 160,000 workers globally.
“Our decision to acquire the Cargill Meat Solutions beef processing facility in Fresno, California aligns with our long-term vision of strengthening our offerings to better serve the needs of our customers,” said Brian Coelho, CEO of Central Valley Meat.
“We’re excited to work alongside cattle producers in the state and region to continue delivering quality beef products for our customers and consumers.”
Cargill Acquisition Comes 5 Years After CVM Bought Harris Beef
In 2019, Central Valley Meat purchased another family brand, Harris Ranch Beef Co. Coelho and the Central Valley team retained the Harris brand.
The Cargill acquisition allows Central Valley Meat to expand its operational capacity and meet market demands. Workers at the Cargill plant will be given opportunities to stay on with Central Valley meat. Cargill will continue to operate its nearby ground beef and hamburger patty facility.
Cargill purchased the Fresno facility from Beef Packers Inc. in 2006, where they process approximately 1,600 head of cattle per day, employing about 1,000 workers, according to industry website Meat + Poultry.
Central Valley Meat began in 1993 and now employs more than 900 people, processing 1,500 head of cattle a day, according to its website.
Cargill Predicts Less Demand for Protein
In its 2024 outlook on protein demand, Cargill forecast a need for less protein as the average household shrinks.
“One-to-two person households want smaller packages of protein to avoid unnecessary food waste and control overall costs,” the company’s 2024 “Protein Profile” read.
One- and two-person households make up nearly two-thirds of homes in the U.S. compared to 46% in 1970.
The company predicted demand for less expensive and more convenient protein products.
The company in February purchased two meat plants, one in Rhode Island and one in Pennsylvania.
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