National Beef acquires Iowa packer - leatherbiz: Leading news site for Leatherbiz

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National Beef acquires Iowa packer

12/03/2019
National Beef has moved to acquire another US-based meat company, Iowa Premium.

The main shareholders in National Beef, including Jefferies Financial Group, which holds 30%, and Brazilian packer Marfrig, which holds 51%, acted together on the Iowa Premium deal.

President of Jefferies Financial Group, Brian Friedman, said on making the announcement: “This collective investment in Iowa Premium reflects optimism at National Beef about the beef market in the US.” He added that the deal also shows that the partnership between his organisation and Marfrig has a long-term focus.

Iowa Premium has the capacity to slaughter 1,100 head of cattle per day.





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