DAKOTA CITY, Neb - IBP, Inc. announced plans to buy the Hudson Foods Inc. plant in Columbus, Nebraska. The purchase of the ground beef processing facility will further expand IBP's production of value-added food products.
IBP has taken an option to acquire the plant, which produces ground beef products for the foodservice and retail food industries. Specific terms were not disclosed.
Robert L. Peterson, Chairman and Chief Executive Officer of IBP said, "The addition of this plant will strengthen our position as a provider of value-added food products for the foodservice and retail meat business."
IBP hopes to complete the acquisition of the facility within the next several weeks. All current Hudson employees would then be given the opportunity to be a part of IBP's new operation. "The Columbus facility has a dedicated workforce and we hope to retain as many production and management employees as possible," Peterson said. The plant, which Hudson Foods opened in January 1995, currently employs 230 people.
"We have been committed to doing all we could to get this outstanding workforce and this fine facility back to work. After reviewing our options, we have concluded that this sale is the best means to that end and best serves the interests of all concerned," said HFI Chairman James T. Hudson. HFI made clear that the proposed transaction would have no effect on support for and cooperation with USDA activities.
"The plant is in excellent condition," Peterson said. "It is well laid out and includes the latest production technology. We are dedicated to ensuring the manufacture of safe, wholesome, high quality products that IBP is known for."
IBP, headquartered in Dakota City, Nebraska, is the world's premier producer of fresh beef, pork and related allied products. The company employs approximately 38,000 people worldwide.
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