Northern Beef Packers completes final round of financing
Northern Beef Packers L.P., a beef processor located in Aberdeen, S.D. is announcing that it has successfully completed its final round of financing. The company finalized the loan agreements with its lending partners, bringing the total financing raised to over $150 million.
The final round of financing will allow Northern Beef Packers to meet the growing global demand for high-quality, American raised beef. The processing plant is the most technologically advanced plant in the world, with industry leading food safety standards and humane handling practices in place. The company reports that interest in the high-quality beef products produced at the plant has been exceptional from many industry sectors both domestically and abroad. The company is also beginning to learn feedback from how their product is being received in the marketplace, and results have been overwhelmingly positive thus far.