By Delimarket.TV Staff
One Earth Farms, a subsidiary of Sprott Resource Corp., has announced the acquisition of Toronto-based Beretta Farms Inc., a purveyor of hormone and antibiotic free branded meat products in consideration of an undisclosed amount in cash as well as shares in One Earth Farms.
Mike and Cyntha Beretta founded Beretta Farms 20 years ago. With the help of their partner of the last ten years, Elvio DelZotto, they have grown the Beretta name into a market-leading brand of fresh beef, poultry, deli products, and meal solutions in the greater Toronto and Vancouver markets. Beretta Farms products are available through select grocery chains, leading natural and organic retailers, direct home delivery, and a specialty catering operation, according to a statement.
Mike Beretta will join the executive team as the Chief Operating Officer of One Earth Farms.
CEO for One Earth Farms, Larry Ruud said, “I am pleased to welcome Beretta Farms to the One Earth Farms family. Mike and Cynthia Beretta are market visionaries with a passion for farming and the marketing of natural and organic meat products. The Beretta Farms supply chain and consumer brands perfectly complement the One Earth Farms source of beef from our more than 17,000 animal herd of top quality natural and organic cattle. With Mike and Cynthia remaining actively involved in the day to day operation of the business, this combination gives One Earth Farms an integrated business model and broadens our reach from the farm to the end consumer where there is increasing interest in naturally raised meats, food traceability and best practices in animal care.”
Mike Beretta added, “Cynthia and I are delighted that we can continue the growth and evolution of our business through this partnership with One Earth Farms. The fit between the Beretta brand, our customer base of prestigious retailers and the organic and natural cattle supply of One Earth Farms make this joint entity an ideal platform for growth.”
One Earth Farms