Company Bids $8.5 Million for Iowa Slaughterhouse

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Story Created: Jul 6, 2009 at 1:51 PM CST

Story Updated: Jul 6, 2009 at 1:51 PM CST

A newly formed Iowa company has bid $8.5 million for a struggling kosher slaughterhouse, and the sale is expected to be completed next week.

SHF Industries made the bid for the Agriprocessors plant Monday during the action in U.S. Bankruptcy Court in Cedar Rapids. The bid is for the land, building, and some equipment at the Postville plant.

After the hearing, SHF attorneys refused to identify SHF's owners and denied reports that Canadian plastics manufacturer Hershey Friedman is among the ownership group.

Monday's hearing brings the sale closer to a conclusion after several failed attempts to sell the plant. A judge will decide July 15 whether to sign off on the deal.

The plant was the site of a May 2008 immigration raid in which 389 workers were arrested.

© 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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