Utah’s largest turkey producing, processing and marketing cooperative has changed its corporate structure to a limited liability company, added two significant equity partners, and changed its name to Norbest LLC.
In the deal, J.D. Heiskell & Co. and AMERRA Capital Management LLC, will each acquire minority interests in the newly formed Norbest LLC, which will own substantially all of the assets of Moroni Feed Company and Norbest Inc. The remaining equity in the new company will continue to be owned by the 37 turkey growers who previously owned Moroni Feed Company. The amount of the investment was not disclosed.