White Oak Global Advisors, LLC announced last week the purchase of the Northern Beef Packers facility in Aberdeen, S.D. by its new limited liability corporation, New Angus.
According to a company statement, the purchase of the plant releases Northern Beef packers from its Chapter 11 bankruptcy proceedings, “providing the plant an opportunity to move forward unimpeded by its previous financial obstacles.”
White Oak is currently undecided if it will reopen the beef processing plant.
In a statement, White Oak said it is evaluating options but “remains confident in the facility’s future as an operating plant.”
The Aberdeen plant closed last year due to financial difficulties.