US organizations sounding the alarm of XL foods takeover
Posted Dec 29, 2012 9:31 am.
This article is more than 5 years old.
The purchase of Alberta’s XL Foods by a Brazilian-based company is coming under fire south of the border.
JBS-USA is set to purchase XL Foods in a $100-million deal, including plants in Idaho and Nebraska, along with processing and feedlot operations in Canada.
A spokesperson for the Ranchers-Cattlemen Action Legal Fund says they are concerned the deal would make a foreign meat packer the largest in the United States, which would hurt competition levels.
According to The Calgary Herald, over 40 organizations have come together and written a letter to the U.S. government asking for an expanded investigation into the deal.
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