Nov 22, 2013 at 9:45 am
ST. CLOUD / CARLYLE, IL (KNSI) - The largest family-owned pork production company in North America will take control of St. Cloud-based GNP Company.
The Maschhoffs, LLC, and the chicken producer released a joint announcement today, outlining the agreement.
GNP Company and The Maschhoffs’ pork production business will operate as separate business units following the closing of the deal. It will reportedly have no immediate impact on GNP Company’s chicken business or The Maschhoffs’ pork production business.
GNP Company’s headquarters will remain in St. Cloud,, Minnesota, and its nearly 1,700 team members and 350 family farm partners will be retained.
The Maschhoffs is a Carlyle, Illinois -based company, owned by fifth generation family members Dave Maschhoff and his wife Karen, and Ken Maschhoff and his wife Julie.
The Maschhoffs partners with more than 450 family farmers across the Midwest, reaching more than 16 million consumers annually.
“No changes in business operations or company commitments are planned as a result of this acquisition,” stated Mike Helgeson, GNP Company Chief Executive Officer and third-generation leader. “GNP Company will continue to build on its reputation as the Midwest’s leading provider of premium quality chicken brands and products.”
GNP Company sales are expected to be about $400 million in 2013.
Calls to GNP from KNSI are yet unreturned - we'll keep you posted as we learn more.
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