Creekstone Farms Premium Beef has been purchased by Japanese trading house Marubeni Corp., according to Cattlenetwork.com.

The deal reportedly is worth approximately $170 million, including liabilities.

Japan-based Marubeni also owns an Australian feedlot.

Creekstone Farms processes about 1,400 cattle per day and recently added pork products to its offerings.

No Creekstone representative could be contacted for comment before print time July 20.

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