Mike
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National Beef completes purchase of California company
Kansas City Business Journal - 10:57 AM CDT Friday
National Beef Packing Co. LLC and its majority owner, U.S. Premium Beef LLC, have completed their purchase of Brawley Beef LLC for an undisclosed amount.
Kansas City-based National Beef and U.S. Premium Beef bought Brawley Beef's assets in exchange for an ownership interest in U.S. Premium Beef, National Beef said in a release Thursday.
The acquired assets include Brawley Beef's processing facility in Brawley, Calif., 100 miles east of San Diego. The plant was built in 2001 and can process more than 400,000 cattle a year.
National Beef said that the acquisition enables it to create a new relationship with its owner/producers in Arizona and California and expand its presence in the western United States.
The companies announced the acquisition on March 10. At the time, National Beef CFO Jay Nielsen said that the Brawley Beef plant's capacity constitutes more than 1 percent of the beef supply fed in the United States in a year. The plant has about 800 employees.
National Beef Packing calls itself the fourth-largest beef-processing company in the United States. Its plants in Liberal and Dodge City, Kan., process about 12 percent of the beef supply fed in the United States, the company said in a news release in March.
National Beef has a majority stake in Kansas City Steak Co. LLC, which has a meat-processing plant in Kansas City, Kan.
More than 2,000 producers from 33 states market cattle through U.S. Premium Beef's network.
Kansas City Business Journal - 10:57 AM CDT Friday
National Beef Packing Co. LLC and its majority owner, U.S. Premium Beef LLC, have completed their purchase of Brawley Beef LLC for an undisclosed amount.
Kansas City-based National Beef and U.S. Premium Beef bought Brawley Beef's assets in exchange for an ownership interest in U.S. Premium Beef, National Beef said in a release Thursday.
The acquired assets include Brawley Beef's processing facility in Brawley, Calif., 100 miles east of San Diego. The plant was built in 2001 and can process more than 400,000 cattle a year.
National Beef said that the acquisition enables it to create a new relationship with its owner/producers in Arizona and California and expand its presence in the western United States.
The companies announced the acquisition on March 10. At the time, National Beef CFO Jay Nielsen said that the Brawley Beef plant's capacity constitutes more than 1 percent of the beef supply fed in the United States in a year. The plant has about 800 employees.
National Beef Packing calls itself the fourth-largest beef-processing company in the United States. Its plants in Liberal and Dodge City, Kan., process about 12 percent of the beef supply fed in the United States, the company said in a news release in March.
National Beef has a majority stake in Kansas City Steak Co. LLC, which has a meat-processing plant in Kansas City, Kan.
More than 2,000 producers from 33 states market cattle through U.S. Premium Beef's network.