Ventura Foods will take on assets from Cargill's facilities in Ohio, Georgia and Florida.
Buyers from Australia, Chile, US and New Zealand will not be subject to the FIRB review that derailed the sale to a Chinese-led consortium.
Following Treasurer Scott Morrison's preliminary decision to block the sale, the Chinese bidders have now withdrawn.
The acquisition is part of an expansion effort for the company's genetic testing business for livestock in Brazil.
The firm is targeting investments in Colombia, Peru, Mexico, Brazil and Panama.
The sale of cellulose fibres pulp mills to International Paper supports a $2.5bn stock buyback programme by the timber REIT.
After overseeing the raise of SEAF's first Indian agri fund and the launch of its second, Hemendra Mathur is weighing new options in the investment space.
The funding will go toward deployment of the company’s agri sensor and analytics product designed for use on unmanned drones.
The sustainable TIMO focuses on non-core timber investments with additional revenue streams from conservation easements with its fourth fund.
Australian Treasurer Scott Morrison's preliminary decision is to block the bid, as investors called the review process "badly and unpredictably" managed.
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