Murphy Brown, Cohoma Pork, High Plains Pork to buy AgFeed

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AGfeed Logo Bankrupt pork producer AgFeed USA has agreed to sell its operations to three of its competitors. 

According to Meatingplace, AgFeed operations will be picked by Murphy-Brown LLC, High Plains Pork LLC and Cohoma Pork LLC in a $79.2 million deal.

AgFeed filed for Chapter 11 bankruptcy protection in mid-July, and Illinois-based pork producer The Maschhoffs agreed to buy most of AgFeed’s U.S. assets for $79 million in cash but only if no other party came forward offering more.

Read, “AgFeed operations picked up by three pork producers.”

A dispute with Hormel Food Corp was cited in leading to default on its debt, according to Bloomberg.



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michael    
kansas  |  September, 09, 2013 at 12:32 PM

Everyone is aware, despite burying it in the story, that AgFeed is a Chinese (PRC) company, right? A Chinese company that was hot to purchase US business, right? Managed by American businessmen intertwined with international banking and mult-national trading companies. This is just one of many under-the-radar PRC "projects" to invade-I-vest in US Agriculture.


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