Following due diligence inspections, Caviness Beef Packers has determined the cost is such that repairing and renovating the San Angelo Packing Co. facility to meet necessary standards is not economically feasible. Effective immediately the company will wind down operations and transition the plant back to San Angelo Packing Co. Inc.
Caviness Beef Packers has released a statement explaining its decision: “Through the due diligence inspections which we have conducted to date, and from the familiarity with the San Angelo plant that we gained by operating it, we have determined that the cost of repairing and renovating the plant to meet necessary standards makes our original plans to purchase and operate this facility not economically feasible.
Effective immediately we will wind down operations and transition the plant back to San Angelo Packing Co. Inc.
Our company is continually looking for ways to grow, and we felt like San Angelo was a great opportunity to do this. We regret that it hasn’t worked out as anticipated, especially for our employees and their families that will be affected. All San Angelo employees are welcome to apply for job positions at the Hereford and Amarillo locations of Caviness Beef Packers.
We thank everyone for their efforts in trying to make this a successful venture.”
Source: Caviness Beef Packers