National Beef buys Iowa Premium, LLC
National Beef Packing Company, LLC, announced that it has approved a transaction that will result in it owning 100% of the ownership interests in Iowa Premium, LLC. The transaction is subject to customary conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, and is expected to close in the second quarter of 2019, reports the High Plains Journal.
Iowa Premium, located in Tama, Iowa, employs over 800 people and processes approximately 1,100 head of Black Angus fed cattle per day. The company is well known for marketing high quality beef products worldwide under several proprietary brands including Iowa Premium Angus and Est. 8 Angus.
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