Seaboard, Triumph Foods team up to build Iowa pork plant
Companies will have equal ownership on plant that will process 3 million hogs annually
Seaboard Foods and Triumph Foods have formed a joint venture, with equal ownership, to construct a new pork processing facility in Sioux City, Iowa. Site work is expected to begin in the summer of 2015 and construction should be completed by July 2017.
The plant is expected to process about 3 million market hogs annually, operating a single shift. The facility will employ approximately 1,100 persons, including approximately 200 salaried positions and 900 hourly production positions. The plant will be built on property in the Bridgeport West Industrial Park in Sioux City, located north of the Sioux Gateway Airport along the Missouri River.
A full line of fresh pork products for international, retail, food service, and further processing markets will be produced. Seaboard Foods will market and sell the pork produced by the plant. Currently, Seaboard Foods markets and sells fresh pork processed by Triumph Foods’ St. Joseph, Missouri, and Seaboard Foods’ Guymon, Oklahoma, plants to domestic markets under the PrairieFresh Premium Pork brand and international markets under the Seaboard Farms and St. Joe Pork brands.
“Today’s announcement marks another step in strengthening our business partnership and position as a leading integrated food system providing customers domestically and throughout the world with premium pork focused on the highest standards for food safety and pork quality consistency,” said Terry Holton, Seaboard Foods president and CEO. “We look forward to the new opportunities the plant will bring to our customers as well as the Sioux City region.”
Mark Campbell, Triumph Foods CEO, added: “When we started inquiring about expanding our business, we recognized the strong commitment and willingness to welcome Triumph Foods and Seaboard Foods to the city. Local leaders have built a business environment poised to bring growth to the region. We look forward to the new pork processing facility being part of that growth, and its staff being actively involved in the Sioux City community.”