Local

White Oak Investors Bid To Buy The Northern Beef Packing Plant

Thursday, White Oak investors of San Francisco California, former lender to Northern Beef Packers submitted the winning bid of $ 44.35 million to acquire the Aberdeen South Dakota facility. Aberdeen Development Corporation Executive Director Jim Barringer says he’s pleased to see the plant sold and is hoping they’ll move ahead with processing the region’s beef.

White Oaks’ bid included $ 4.8 million in cash to satisfy poor liens. According to Northern Beef Attorney Rory King, once the deal is finalized, former plant workers laid off during the bankruptcy will be paid money owed to them.  Barringer says both of those are proper actions.

Barringer says there are many positives with White Oak’s acquisition including the building and the equipment on site for processing of beef.

It is not clear yet what plans White Oak has for the former Northern Beef Packing plant but local officials remain hopeful.

Recent Headlines

in Local

University of Nebraska President Calls for Major Impact on Water Resources

WaterDrop

University of Nebraska President Hank Bounds says the support the university receives from the state attracted him to the position.

in Local

Iowa Lottery Considering Online Gaming

Lottery

Iowa Lottery officials are monitoring states that are experimenting with the electronic sale of lottery tickets.

in Local

Yankton Middle School to Add Art Teacher

school tests

The Yankton School Board has decided to add a full time art teacher back to the staff at the Middle School.

in Local

Dakota State University Names New President

College

José-Marie Griffiths, vice president for academic affairs at Bryant University in Smithfield, R.I., will become the 23rd president of Dakota State University.

in Agriculture

Nebraska Senators Support Tax Credit for Wind and Solar Projects

Wind Turbine

Nebraska State Senators have advanced legislation that is written to provide for a production tax credit for wind farms and solar projects.