Premium Iowa Pork now official owners of Windom plant

Premium Iowa Pork’s bid to purchase the closed HyLife pork facility in Windom was officially accepted June 13.
The purchase price was $14 million.
HyLife Foods placed the facility up for sale in April and weeks later filed for bankruptcy.
Premium Iowa Pork (PIP) officials submitted a bid for the plant that processes 1.2 million hogs per year with more than 1,000 employees, and the bid was accepted.
“We are excited about the opportunity that this acquisition represents for the future of our business,” said Dan Paquin, PIP president. “The proximity of this new pork plant to our existing operations will complement our workforce and operations in both Hospers and Luverne.”
Together the Hospers, Iowa, and Luverne plants have more than 900 employees.
PIP had previously announced plans for a multi-million-dollar expansion at the Luverne location.
The purchase of the Windom facility has officials reassessing the company’s needs, according to PIP spokesperson Kelsey Ritchey.
“With the acquisition of the Windom plant, we are reviewing all our current assets and will be putting together a comprehensive plan, which supports our growth strategy,” Richey indicated.
Company officials are in the beginning stages of the comprehensive plan, which Richey indicated has no timeline.
“Our company will share plans for the facility and how it will best complement our existing operations once it has been determined,” Richey said. “We want to assure you that we are committed to the Luverne community.”