Nillson Bros. Expannding

[Bill]

Swift To Sell Non-Fed Cattle Business To XL Foods Inc.

GREELEY, CO -- (MARKET WIRE) -- 04/13/2006 -- Swift & Company, the world's second-largest processor of fresh beef and pork products, today announced that it has signed a definitive agreement to sell its non-fed cattle business, including its Omaha, Nebraska operating plant and its assets in Nampa, Idaho, to XL Foods Inc., of Alberta, Canada.

Swift & Company President and CEO Sam Rovit said, "We are pleased to announce this agreement with XL Foods, a respected operator in our industry, in a transaction that affords both companies the opportunity to enhance their strategic focus in their respective sectors of the core beef business -- fed-cattle for Swift, non-fed cattle for XL."

Rovit added, "We look forward to working with the XL Foods management team to complete the sale process. We are also pleased that our agreement includes the expectation that XL will honor all commitments made to the existing production workforce and management team in Omaha -- a critical requirement for the sale negotiation from Swift's perspective."

Swift & Company intends to reinvest the sale proceeds back into its existing core lines of business. Additional transaction terms were not disclosed.

A Canadian packer expanding into the US? Back in May 2003 who would have thought this would happen?

 

[Big Muddy rancher]

They are getting ready to kill Canadian OTM in the USA. And the R-CALFers thought Cargill and Tyson were tough to deal with.

 

[TimH]

They are getting ready to kill Canadian OTM in the USA. And the R-CALFers thought Cargill and Tyson were tough to deal with.

Yup, Oldtimer and Sandhusker, you fellas best run for cover!!!
Nillsons own XL Beef, a chain of sale barns, a trucking outfit and now a couple cow plants in the USA!!!!!
The sky is surely falling!!!

 

[Anonymous]

They are getting ready to kill Canadian OTM in the USA. And the R-CALFers thought Cargill and Tyson were tough to deal with.

Yup, Oldtimer and Sandhusker, you fellas best run for cover!!!
Nillsons own XL Beef, a chain of sale barns, a trucking outfit and now a couple cow plants in the USA!!!!!
The sky is surely falling!!!

How many feedlots do they own or control or operate for their source of captive supply cattle?

The screwing they do to us is the same screwing that goes back to you guys :???:

 

[Manitoba_Rancher]

You r-calfers better watch out because the Nillsons make trouble makers disappear for good.... :shock:

 

[Sandhusker]

You r-calfers better watch out because the Nillsons make trouble makers disappear for good.... :shock:

Send 'em over, we've got a good place for outsiders we don't take a shine to. There's a lake 4 miles North of here that is supposed to have 3 Revenuers in it. Seems they didn't think the locals here should be making moonshine during prohibition. The first time they came to town, the boys put them back on the train and told them if they came back, they would go back in a wooden boxes. They came back - we lied, they didn't go back home. And nobody knew a thing.....

 

[TimH]

How many feedlots do they own or control or operate for their source of captive supply cattle?

The screwing they do to us is the same screwing that goes back to you guys :???:

Well OT, from "what I hear" they own and or control a $hitload of feedlots from coast to coast to coast. Captive supply cattle out the wazoo!!!!
Pretty much everyone I know is forced to sell their cattle to Nillson Bros. for next to nothing or face death by firing squad.
May God be with you.

 

[Big Muddy rancher]

Heck what Cargill and Tyson made during BSE was a PITTANCE to what the Alberta mafia made.

 

[blackjack]

...ot ...maybe they'll buy out old pat and have themselves a sales barn right in the heart of r-calf... then they can collect your commission on those 15 to 25 cent culls...

 

[Manitoba_Rancher]

I would bet now they have a plant in the US they will try to buy up auction barns in the US as well. They like to have everything in their basket!! :roll: