Jonathan Ellis dedicates a few inches of this morning's Sioux Falls paper to telling us that the business plan for Northern Beef Packers never made sense and never will. Mike Keller, dean of the USD business school, thinks bankruptcy auction…
Posts tagged as “Aberdeen”
White Oak Global Advisors of San Francisco bought Northern Beef Packers at bankruptcy auction yesterday. They put up only $4.8 million in cash, compared to the $12.75 million in cash offered by actual meat-packing company American Foods Group of Green…
Bankrupt Northern Beef Packers of Aberdeen goes up for auction right after lunch today at the federal courthouse in Sioux Falls. In a market dominated by four big companies, guess who the first bidder is? Number Five: American Foods Group,…
That Sioux Falls paper summarizes the South Dakota results of the Municipal Equality Index, a nationwide survey of municipal laws, policies, and services respecting and protecting lesbian, gay, bisexual, and transgender residents and employees. Of five South Dakota metros surveyed,…
Will Huron's turkey plant be drawn into the GOED/SDRC/EB-5 scandal just in time for Thanksgiving? In his solid reporting on South Dakota's newly scrutinized EB-5 visa investor program, David Montgomery notes that Dakota Provisions, the big turkey plant South Dakota…
All are punishèd! In 2006, Aberdeen beef man Dennis Hellwig asked the Brown County Commission to help him build his Northern Beef Packers slaughterhouse. The commission delivered help in the form of a tax increment finance district. Under the TIF…
Folks looking to buy one slightly used, poorly built beef plant won't be able to drop in, kick the tires, and make a bid the day of sale... not without some fast driving. The auction of Aberdeen's Northern Beef Packers…
I don't know much more about building beef-packing plants than the only-slightly-poorer Korean and Chinese investors who lost money on Northern Beef Packers. I only know what I read on the Internet... and what the occasional eager reader tells me.…