A group of about 60 pork producers in North Dakota, Montana and Minnesota, signed a letter of intent to purchase a majority interest in a Minot, North Dakota slaughter plant, according to the Associated Press. The Cloverdale Growers' Alliance Cooperative will buy a controlling interest in Cloverdale Foods Co.'s Minot, N.D., plant, according to the group's general manager, Daryl Dukart. Financial terms were not disclosed.
Cloverdale Foods will remain a minority partner in the 50-employee plant and will continue to manage it. The company, which has food processing plants in Mandan and Stanton, N.D., makes deli meats and other products, including the official hot dog at Seattle Mariners baseball games in Safeco Field.
“The producer group currently supplies about 60,000 hogs a year to the Minot plant, which is less than half of what the facility slaughters,” according to company president and chief executive T.J. Russell. The co-op hopes to gain enough members to have the capacity for 150,000 hogs annually, according to Dukart.