The investors behind the proposed beef plant in Tama, Iowa, are hoping to have the facility up and running by June, though the plant's owners say that renovations are still ongoing and that more startup capital is needed.
The investors behind Iowa Premium Beef, the company that acquired the former Iowa Quality Beef plant, includes Bruce Rastetter. At one time, reports Cedar Valley Business, he was one of the largest swine and ethanol producers in the nation. Other investors in Iowa Premium include Eric Peterson, general manager of Summit Farms, a cattle feeding operation that Rastetter owns, and Jeff Muchow, a veteran of the packing industry.