Walmart has signed an agreement to acquire a minority stake in Sustainable Beef, LLC, a rancher-owned beef processor based in North Platte, Nebraska.
Walmart’s equity investment is part of a strategic partnership to source top-quality Angus beef from the new beef processing facility. Tyler Lehr, senior vice president of merchandising for deli services, meat, and seafood with Walmart says the investment provides greater visibility into the beef supply chain and will help the company provide high-quality affordable beef to its customers.
