Cattlemen, ranchers acquire Sam Kane
May 2, 201
by Meat&Poultry Staff
CORPUS CHRISTI, Texas – Sam Kane Beef Processors announced May 2 that a group of cattlemen and ranchers acquired the company in a private transaction.
The company will retain the Sam Kane name and is continuing operations without interruption. The new company will have headquarters in Corpus Christi, Texas.
“The Sam Kane plant is a mainstay of the South Texas cattle and agribusiness community," said Lou Waters, CEO of the new Sam Kane Beef Processors LLC. “There are many strengths that we can work with, especially our skilled workforce and the loyalty of our partners and customers. We are confident in this business’s long-term potential and look forward to growing the company and to expanding the Sam Kane reach in the market.”
The new ownership is led by a group of Texas ranchers and cattlemen with deep roots in South Texas. Production will be immediately ramped back to five days per week at increased daily throughput.