New ownership approved for Aberdeen's Northern Beef Packers - KSFY News - Sioux Falls, SD News, Weather, Sports

New ownership approved for Aberdeen's Northern Beef Packers

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 The troubled Northern Beef Packers plant in Aberdeen is officially under new ownership tonight.

 White Oak Global Advisors, an investor in the original Northern Beef operation, has purchased the plant via its new limited liability corporation, New Angus.

 In a news release, the company says the purchase removes the Northern Beef facility from Chapter 11 bankruptcy proceedings and allows the company to move forward in operation the plant.

 White Oak, which is based in San Francisco, says it is evaluating its options at this time but believes the operation can be profitable.

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