Liberal, KS

Now: 63 °F

Currently: Cloudy

Hi: 67 °F | Lo: 41 °F

Friday

Hi: 57 °F 

Lo: 39 °F

Saturday

Hi: 64 °F 

Lo: 35 °F

Sunday

Hi: 68 °F 

Lo: 39 °F

Monday

Hi: 60 °F 

Lo: 34 °F

Tuesday

Hi: 68 °F 

Lo: 48 °F

National Beef to Own Iowa Premium LLC

Joe Denoyer - March 11, 2019 5:41 pm

www.nationalbeef.com

KANSAS CITY, Missouri, March 11, 2019 – National Beef Packing Company, LLC, today announced that it has approved a transaction that will result in it owning 100 percent of the ownership interests in Iowa Premium, LLC, (IP). The transaction is subject to customary conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, and is expected to close in the second quarter of 2019.

Iowa Premium, located in Tama, Iowa employs over 800 people and processes approximately 1,100 head of Black Angus fed cattle per day. The company is well known for marketing high quality beef products worldwide under several proprietary brands including Iowa Premium Angus® and Est. 8 Angus®.

“I am excited to expand our beef operations with a processing facility in Iowa and we look forward to strengthening IP’s relationships with the family farmers who produce the highest quality Black Angus cattle in the U.S.”, said Tim Klein, President and CEO, National Beef, in making the announcement. “Iowa Premium fits perfectly with our value-based marketing strategy as we continue to provide our customers with the very best beef products and programs.”

 

Latest Stories

Deadline to Enter SCCC Poetry Contest is March 31

Liberal, Kans. —  The deadline to enter Seward County Community College’s ninth annual poetry contest is...

Plains KS Man Is Killed in a Two Vehicle Accident

A two vehicle accident occured Wednesday evening and has claimed the life of a Plains KS...

Liberal Walmart Neighborhood Market to Close

After reaching out to the Walmart Corporate office, the company issued the following statement: After a...