The Australian-based premium brand emphasizes luxury and sustainability.

Producer Owned Beef plans to build a $670 million plant in Amarillo.

The company will specialize in collagen and gelatin peptides.

Former Randall Parker Foods managing director will be leading the new venture.

The facility currently has about 300 open positions.

Restructuring will support strategic priorities including foodservice and global expansion.

Carnivore’s new 235,000-square-foot facility will be operational by the end of 2023.

The transaction strengthens the company's position in cooked proteins and deli meat production.

The men were named in another lawsuit in July.

The Canadian company does not see previously forecasted levels of demand materializing.