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After the court proceeding Thursday White Oak Global General Counsel Matthew Caudill told KELOLAND Foamposite Flight Jet

plant built in the northern Great Plains in 50 plus years, so it an asset to Aberdeen. It also terribly important to the cattle producers from five or six states around here, so we know it a strategic asset," Johnson said.

´╗┐CA Investment Firm Buys Aberdeen Beef Plant

While White Oak Global Advisors placed the winning bid the company lawyer refused to say what the company plans to do with the plant.

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The group beat out American Food Groups from Green Bay, Wisconsin which submitted only the minimum $12.75 million bid.

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News the company doesn talk to the media.

Julie Johnson, the executive director for the economic development organization Absolutely! Aberdeen, says Thursday developments are good news.

"We know we have the only state of the art beef packing Nike Air Mag Replica Cheap

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However, the attorney who represents the plant unsecured creditors and the employees who weren getting paid did talk with KELOLAND News. He thinks the workers will eventually get their checks.

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White Oak Global Advisors has loaned the beef plant more than $35 million dollars to keep it running, but court records show Northern Beef actually now owes White Oak Global about $64 million.

Despite the troubles of the facility in the past, Johnson says the Thursday auction is an important step toward making the Northern Beef Packers plant an asset for the community and region.

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"We know who the players are now, that the important next step. They have a few things to work out with the court and a few other decisions to be made about who gets paid, so we await that process," Nike Dunk Tan Johnson said.

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But Jakubowski thinks it may take up to six months for those workers to get paid.

SIOUX FALLS, SD A San Francisco investment company which loaned the Northern Beef Packers plant in Aberdeen millions of dollars submitted the winning bid for the plant Thursday afternoon.

full," attorney Steve Jakubowski said.

White Oak Global Advisors bid more than $44 million for the plant which cost more than $100 million to build.

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