Ownership of SIouxpreme changing
September 10, 2015
OWNERSHIP OF SIOUXPREME PACKING PLANT IN SIOUX CENTER IS CHANGING. PERDUE AND L-N-K PARTNERS HAVE ANNOUNCED THAT NATURAL FOOD HOLDINGS, INCLUDING THE WELL-KNOWN NIMAN RANCH BRAND, IS BEING PURCHASED BY PERDUE. NATURAL FOOD HOLDINGS IS THE PARENT COMPANY OF SIOUXPREME.
LNK PARTNERS, A PRIVATE EQUITY FIRM, IS SELLING NATURAL FOOD HOLDINGS TO PERDUE FOR AN UNDISCLOSED AMOUNT. THE TWO COMPANIES SIGNED A DEFINITIVE AGREEMENT FOR THE SALE AND EXPECT TO CLOSE THE TRANSACTION SOON.
NIMAN RANCH BEGAN IN THE EARLY 1970S ON A SMALL RANCH IN CALIFORNIA, AND HAS GROWN TO INCLUDE MORE THAN 700 INDEPENDENT FAMILY FARMERS AND RANCHERS, SPREAD ACROSS THE COUNTRY. THE NIMAN RANCH BRAND COVERS A COMPLETE LINE OF PORK, BEEF, LAMB, CAGE-FREE EGGS AND A VARIETY OF SMOKED AND CURED MEATS. ALL PRODUCTS ARE SOURCED FROM ANIMALS RAISED TO HIGH WELFARE STANDARDS AND WITHOUT ANY ANTIBIOTICS.
THROUGH THE ACQUISITION, PERDUE ALSO ACQUIRED THE PRAIRIE GROVE BRAND AS WELL AS THE SIOUXPREME PACKING PLANTS IN SIOUX CITY AND SIOUX CENTER.
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