Manufacturing News

Negotiations underway for Future Beef sale

April 15, 2003
/ Print / Reprints /
ShareMore
/ Text Size+




Officers of a start-up supplier of case-ready and boxed beef are negotiating with the U.S. trustee charged with the liquidation of Future Beef Operations LLC in Denver bankruptcy court. The principal asset of FBO is its plant in Arkansas City, Kan. The plant, which opened in August 2001 and ceased operations a year later, was Food Engineering’s 2002 Food Plant of the Year.

“We’ve submitted a letter of intent to purchase the plant and are in the process of due diligence and evaluation,” according to R. David Mitchell, CEO of LeForce Signature Beef in Oklahoma City, Okla. “We are very interested in the plant and are spending a lot of time and money on this negotiation.”

LeForce consists of a management team that is trying to execute a business plan for a vertically integrated beef processor. British breeds of cattle are to be managed on company-owned and operated feed lots, then processed in a state-of-the-art facility and brought to market in a controlled supply chain.

The first wave of cattle already has been calved, and LeForce was designing a processing facility when the Future Beef plant became available, Mitchell says. Slaughter operations are scheduled to begin in 2003.

Did you enjoy this article? Click here to subscribe to Food Engineering Magazine.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Fabulous Food Plant: Paramount Citrus

Learn more about this fabulous food plant in Food Engineering's article, found here.

Podcasts

Burns & McDonnell project manager RJ Hope and senior project engineer Justin Hamilton discuss the distinctions between Food Safety and Food Defense as well as the implications for food manufacturers of the Food Safety Modernization Act.
More Podcasts

What was your favorite part of FA&M 2014?

View Results Poll Archive

THE MAGAZINE

Food Engineering Magazine

Food engineering magazine 2014 april cover

2014 April

Catch a preview of the Powder and Bulk Show in this April 2014 edition of Food Engineering. Also, be sure to check out a coffee stick making a real stir and a major advancement in the the pet food industry.
Table Of Contents Subscribe

THE FOOD ENGINEERING STORE

Food-Authentication-Flyer-(.gif
Food Authentication Using Bioorganic Molecules

This text provides critical tools and data needed to augment routine food analysis and enhance food safety by aiding in the detection of counterfeit, and potentially deleterious, foods.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Food Master

Food Master Cover 2014Food Master 2014 is now available!

 

Where the buying process begins in the food and beverage manufacturing market. 

Visit www.foodmaster.com to learn more.

STAY CONNECTED

FE recent tweets

facebook_40.pngtwitter_40px.pngyoutube_40px.pnglinkedin_40px.png