The payment follows a second quarter in which revenue rose 5% to US$981 million, while orders reached US$1.03 billion.
Rabobank and BBVA are advising the company as it assesses its options.
The company is also expanding its Beyond Immerse drinks through a new distribution deal in New York.
The disposal follows losses at Dalco as Hilton Foods refocuses investment on its core meat and fresh prepared food operations.
Beef volumes fell 15.9% in the third quarter as limited cattle supplies continued to push up costs.