The Maschhoffs announced today that they have come to terms to acquire substantially all of NPP’s swine production assets.
The transaction includes approximately 50,000 sows, associated inventory and related market hog production, plus production facilities in Nebraska, Iowa and South Dakota.
Representative of the two companies called the deal a natural fit, citing the similar operating philosophies and value of the two pork organizations.
“We are pleased to announce we have reached an agreement with The Maschhoffs to buy our swine business,” says NPP Chief Operating Officer Scott Burroughs. “The fact that our two organizations have similar values and operating philosophies should make this a smooth transition for our employees and customers. 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.”
The Maschhoffs CEO Ken Maschhoff says: “We view this as a very attractive opportunity. NPP is well known for its strong production performance and like us, its intense focus on animal care and husbandry. 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 agreement has been finalized, The Maschhoffs will rank as one of the nation’s largest, independent, family-owned swine production operations, with approximately 192,000 sows.
Ken Maschhoff expects a smooth and seamless transition to the transaction.
“The employees and staff at NPP have established impressive standards of animal husbandry and production performance, and we hope they will continue that dedication working with our team going forward,” he says.
NPP, LLC, formerly known as Nebraska Pork Partners, operates about 80 farms throughout Nebraska, northwest Iowa and South Dakota.
The two organizations expect the transaction, which is subject to regulatory approval, to be completed by the end of the first quarter of 2011.
The Maschhoffs, LLC (www.TheMaschhoffs.com), is a pork production company headquartered in Carlyle, IL.