White Oak Global Advisors will be the new owner of Northern Beef Packers, which filed for bankruptcy in July because it lacked money to buy cattle for slaughter. White Oak’s bid includes $39.5 million in credit and $4.8 million in cash to satisfy prior liens.
FARGO, N.D. — The far-flung case of Grafton, N.D., farmer Tom Grabanski rolls on — his many enterprises and legal challenges from North Dakota to Colorado to Texas continue, with legal filings revealing ongoing frustration by all parties.
The parent company of Farmfest and Dakotafest, Cygnus Business Media Inc., announced Tuesday that it emerged from Chapter 11 bankruptcy on Sept. 21, less than two months after filing a reorganization plan with the U.S. Bankruptcy Court for the District of Delaware.
From staff and Forum Communications Co. reports
November 14, 2009
Though the industry’s prospects are improving, plants nationwide are still struggling after “an imperfect storm” of factors last year, said Ron Lamberty, vice president of the Sioux Falls, S.D.-based American Coalition for Ethanol, an industry trade group.
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