The sale was approved earlier in June in Federal Bankruptcy Court in Santa Barbara. The meat-processing facility had been in receivership since June 2009 and was closed by the court last March.
The facility is now U.S.D.A.-certified, number 40268, and will provide quality butchering and custom cut-and-wrap services for the local ranch community, wild game hunters and local fairs.
“We are especially committed to opening in time for the Mid-State Fair,” said John Kaney, owner and chief executive officer of Kaney Foods. “We are a full-service company, and we look forward to continuing our tradition of offering a quality product that meets the needs of our local ranchers, markets and restaurants.”
The Hearst Corporation has been in the cattle business since 1865 and produces grass-fed beef on ranches in San Simeon and Cholame.
“We have worked with John Kaney and Kaney Foods for a number of years and know first-hand their integrity and the quality of service they provide,” said Hearst Ranch Beef Division Manager Brian Kenny. “We are confident this new business venture will be a great success.”