News

Japanese firm agrees to buy Kansas-based Creekstone Farms

A diversified Japanese trading firm has agreed to purchase Kansas-based packing company Creekstone Farms.  Creekstone is the 12^th largest US packing firm and supplies high-quality meats, including Black Angus beef and never raised with antibiotics Duroc Pork.

Following China’s lifting of the US beef ban, Creekstone gained its license to export beef to the country.  Japan’s Nikkei financial press says Marubeni expects China’s appetite for meat to increase as the middle class continues to grow and has targeted sales of $620 million by 2020 by increasing exports to China along with other countries.

Last year Creekstone processed about 250,000 cattle and recorded $550 million in sales.