One Earth Farms acquires Beretta Farms
Feb. 19, 2013
by Meat&Poultry Staff
TORONTO – One Earth Farms Corp., a subsidiary of Sprott Resource Corp., acquired Toronto-based Beretta Farms, Inc., a purveyor of hormone free and antibiotic free meat products in Ontario and British Columbia.
The deal includes cash and shares in One Earth Farms. Additionally, Mike Beretta, founder of Beretta Farms, will join the executive committee of One Earth Farms as COO.
“I am pleased to welcome Beretta Farms to the One Earth Farms family,” said Larry Ruud, CEO of One Earth Farms. 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,” Ruud added. “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 and Cynthia Beretta founded the company 20 years ago with Elvio DelZotto. Beretta Farms produces natural and organic beef, poultry, deli products and other meal solutions. The company's products are available through national grocery chains, natural and organic retailers and direct home delivery. Beretta Farms also provides specialty catering for professional athletes and corporate clients. One Earth Farms also offers natural and organic fresh meat, meal solutions, snack and specialty prepared meals marketed for high performance athletes.
“Cynthia and I are delighted that we can continue the growth and evolution of our business through this partnership with One Earth Farms,” Mike Beretta said. “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.”