Marubeni Corporation to acquire Creekstone Farms Premium Beef LLC,
Marubeni Corporation (Marubeni)announced that it will acquire Creekstone Farms Premium Beef LLC (CSF) to enter into the production and sales of beef in the United States. Creekstone is located in Arkansas City, KS.
CSF has established a business model which focuses on supplying high quality beef produced from selected Black Angus cattle fed mainly with grain. It operates its own beef processing plants in Kansas and distributes to high-end steakhouses and supermarkets in the United States. CSF also exports its beef products to Asia and Europe.
As the quality of eating habits improve worldwide, especially in emerging countries, it is predicted that the demand for beef will grow strongly.Meanwhile, the major producers of high quality, grain-fedcattle have been the United States and Australia's the production of such beef requires rich feed and water resources,advanced feeding technologies, and environmental measures.
With the acquisition of CSF, in addition to it's existing subsidiary Rangers Valley, which engages in cattle feeding and beef distribution in Australia, Marubeni will secure its production base in the two largest beef-producing countries and establishes it's organization to meet the globally-growing need for high quality beef. Currently CSF has a processing capacity of 1,400 head per day.
Through this acquisition, Marubeni aims to become a truly global company which contributes to a steady supply of safe, delicious beef while contributing to the society and local economy.
Photo: courtesy: tippmanngroup.com
Story source: Marubeni release