Merger National Beef aquires Iowa Premium Beef

by Editor fleischwirtschaft.com
Wednesday, March 13, 2019
Iowa Premium, located in Tama, Iowa employs over 800 people and processes approximately 1,100 head of Black Angus fed cattle per day.
Photo: Iowa Premium Beef / National Beef
Iowa Premium, located in Tama, Iowa employs over 800 people and processes approximately 1,100 head of Black Angus fed cattle per day.

National Beef Packing Company announced that it has approved a transaction that will result in it owning 100% of the ownership interests in Iowa Premium. The transaction is subject to customary conditions and is expected to close in the second quarter of 2019.

​Iowa Premium, located in Tama, Iowa employs over 800 people and processes approximately 1,100 head of Black Angus fed cattle per day. The company is well known for marketing high quality beef products worldwide under several proprietary brands including Iowa Premium Angus and Est. 8 Angus.

“I am excited to expand our beef operations with a processing facility in Iowa and we look forward to strengthening IP’s relationships with the family farmers who produce the highest quality Black Angus cattle in the US”, said Tim Klein, President and CEO, National Beef, in making the announcement.

stats