The Florida-based beef company was founded in 1972.

The company said both locations produce packaged beef and pork products.

The meat company detailed its purchase of the animal feed company.

Marel’s largest shareholder accepted the latest offer.

The company anticipates the facility will be operational by mid-2024.

The company now has until Jan. 19 to make a decision.

The chicken processor now runs five production facilities around the United States.

The company plans to close its Meadowside plant as it transitions operations to Salm.

Marfrig said it does not plan on changing the current shareholding composition or administrative structure.