National Beef Packing acquisition complete
January 12, 2012
Leucadia National Corporation has completed its acquisition of a controlling interest – 78.95 percent – in Kansas City, MO-based National Beef Packing Company LLC. This transaction was previously announced on Dec. 5. Timothy Klein, National Beef’s president and chief executive officer, will hold a minority interest in National Beef and will continue in both corporate positions.
Leucadia is a diversified holding company with investments in a broad array of industries from pre-paid phone cards to lumber and oil and gas drilling.
National Beef has operations in Liberal, Dodge City, and Kansas City, KS; Brawley, CA; Hummels Wharf, PA; Moultrie, GA; and St. Joseph, MO. National Beef, with approximately 9,100 employees, processes and markets fresh beef, case-ready beef, beef by-products and leather for domestic and international markets. In fiscal year 2011, National Beef generated sales of $6.8 billion.