The Maschhoffs LLC acquiring major hog producer
Feb. 8, 2011
by Meat&Poultry Staff
CARLYLE, Ill. – An agreement has been reached for The Maschhoffs LLC to purchase substantially all of NPP LLC’s swine production assets. The transaction involves approximately 50,000 sows, associated inventory and related market hog production, along with production facilities in Nebraska, Iowa and South Dakota. Terms of the agreement were not released.
Formerly known as Nebraska Pork Partners, NPP LLC operates approximately 80 farms throughout Nebraska, northwest Iowa and South Dakota. Once the transaction is finalized, The Maschhoffs will be one of the nation’s largest, independent, family-owned swine production operations, with approximately 192,000 sows.
Both NPP and The Maschhoffs representatives called the deal a natural fit, citing the similar operating philosophies and values of the two organizations.
“The fact that our two organizations have similar values and operating philosophies should make this a smooth transition for our employees and customers,” said Scott Burroughs, NPP COO. “With The Maschhoffs’ swine experience, solid reputation, financial strength and history of success, our employees can be assured that The Maschhoffs will continue their long-term commitment to the swine industry.”
“We view this as a very attractive growth opportunity,” added Ken Maschhoff, CEO of The Maschhoffs. “NPP is well known for its strong production performance and like us, its intense focus on animal care and husbandry. We are excited about entering Nebraska and look forward to becoming a good neighbor and valuable part of the rural Nebraska communities surrounding these operations.”
Ken Maschhoff indicated he expected a smooth and seamless transition. “The employees and staff at NPP have established impressive standards of animal husbandry and production performance, and we hope they will continue that dedication working with our team going forward,” Maschhoff said.
Burroughs said the stability for employees was an important aspect of the agreement.
Both organizations expect the transaction, which is subject to regulatory approval, to be completed by the end of the first quarter of 2011.
The Maschhoffs LLC is a pork production company based in Carlyle, Ill. As a family-owned business, they have more than 100 years of experience in pork production. Following the acquisition, The Maschhoffs will manage 192,000 sows and associated market hog production in nine states.
The company focuses on creating environmentally and economically sustainable pork production systems by networking with more than 320 other independent farm operations. The Maschhoffs are able to provide enough pork for more than 10 million consumers per year.