A May 26 auction of the HyLife Foods pork processing plant in Windom, Minn., has produced a buyer, as Premium Iowa Pork bid $13 million to buy the facility, according to local news reports. The Iowa pork producer has said it will not retain any of the plant’s 1,000-plus employees.
The deal was still subject to court approval, as the HyLife Foods facility filed for Chapter 11 bankruptcy about a month ago. HyLife Foods confirmed that it would be transporting H-2B visa workers back to their home countries — nearly 450 of them, according to court documents sourced in the article.
It was expected that details of the sale would be finalized in time for a June 9 hearing. The Hospers, Iowa-based fully integrated pork processor did not share its plans for the facility, which was purchased in 2016 by Minnesota businessman Glen Taylor and other investors from PM Beef and converted to pork processing. HyLife Foods purchased a 75% ownership stake in the plant in 2020.
Premium Iowa Pork also owns a venture in Luverne, Minn., called Premium Minnesota Pork, some 60 miles west of Windom.