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.