The Maschhoffs, LLC To Acquire GNP Company

Business
December 4, 2013

The Maschhoffs, LLC, the largest family­ owned pork production company in North America, and GNP Company, the Midwest’s leading provider of premium quality chicken announced recently they have signed a definitive agreement whereby The Maschhoffs will acquire GNP Company and its subsidiaries.

GNP Company and The Maschhoffs’ pork production business will operate as separate business units following the closing of the transaction. The transaction will have no immediate impact on GNP Company’s chicken business or The Maschhoffs’ pork production business.

GNP Company’s headquarters will remain in St. Cloud, Minn., and its nearly 1,700 team members and 350 family farm partners will be retained. Based in Carlyle, the Maschhoffs is owned by fifth generation family members Dave Maschhoff and his wife Karen, and Ken Maschhoff and his wife Julie. The Maschhoffs partners with more than 450 family farmers across the Midwest to produce enough pork to feed more than 16 million consumers annually.

“Our intent is to manage GNP Company as a separate business unit next to our current pork production business,” said Jason Logsdon, The Maschhoffs Chief Executive Officer. “GNP Company will continue to be led by its present management team, with the support of its current team members and contract growers.”

“Our overall goal is to continue to grow both the pork and chicken businesses while enhancing our ability to meet the needs of our valued customers and of a growing population,” Logsdon said.

The Maschhoffs and GNP Company share a deep commitment to family values, quality, market innovation and customer service excellence. Other values the companies share are their stewardship efforts to minimize their environmental footprints; dedication to the wellbeing and safety of animals; and a commitment to people and the communities where they live, work and raise their families.

The Maschhoffs, LLC is a pork production company headquartered in Carlyle. As a family ­owned business, they have over 100 years of experience in pork production. The Maschhoffs is the nation’s largest independent, family ­owned swine operation, with approximately 208,000 sows and associated market hog production in nine states. The company, which has over 1,200 employees, focuses on creating environmentally and economically sustainable pork production systems by networking with 450 other independent farm operations. The Maschhoffs is able to provide enough pork for more than 16 million consumers annually. The company, through a wholly ­owned subsidiary, also sells branded pork products to retailers, processors and foodservice operators under the Maschhoff Family Farms label.

Information for this article is used with permission from PRNewswire.

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