The Maschhoffs LLC has reached an agreement with NPP, LLC to purchase all of NPP’s swine production assets. According to The Maschhoffs news release, the transition involves approximately 50,000 sows, associated inventory, related market hog production and 80 production facilities in Nebraska, Iowa and South Dakota.
NPP Chief Operating Officer Scott Burroughs said that the two organizations hold similar values and operating philosophies, which make the deal a natural fit.
“With The Maschhoffs’ swine experience, solid reputation, financial strength and history of success, our employees can be assured that The Maschhoffs will continue their long‐term commitment to the swine industry,” Burroughs said.
Ken Maschhoff, CEO of The Maschhoffs, said that the purchase is seen as a growth opportunity.
“NPP is well known for its strong production performance and like us, its intense focus on animal care and husbandry,” Maschhoff said. “We are excited about entering Nebraska and look forward to becoming a good neighbor and valuable part of the rural Nebraska communities surrounding these operations.”
Once the transaction is complete, The Maschhoffs will be one of the nation’s largest, independent, family-owned swine productions operations.
The transaction is subject to regulatory approval and is expected to be completed by the end of the first quarter of 2011.