Lenders foreclose on ND beef plantDecember 17, 2012 - 9:24ambusiness/agriculture
FARGO, N.D. -- Lenders have notified North Dakota Natural Beef LLC of their intent to foreclose on a meat processing plant in Fargo, N.D., officials say.
Dieter Pape, president and chief executive for the defunct company, says NDNB vacated its plant in late November.
"All we were really doing was utilizing some space in the plant, keeping it in operating conditions for potential sale," Pape says. The facility served as collateral for loans...