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 National

Gov’t health insurance website getting upgrades


Consumers shopping on the government's health insurance website should find it easier to get their questions answered this year.

in Local

SDSU Extension Conference To Focus On Aging


It can be difficult to find the correct agency to help seniors

in Local

Heat Assistance Checks to SD Residents


Residents in South Dakota who have been accepted into the Low Income Heat Assistance Program, or LiHEAP, will see the first checks this month.

in Local

Yankton County Commission Moves Reserve Dollars To the Road Fund

Money Dollars

The Yankton County Commission took action at their meeting last night to finalize the 2016 budget.

in Local

Record Number Of Issues May Be On SD Ballot


Voters in next year’s general election could see a record number of ballot issues.