Carlyle, Illinois-based pork producer The Maschhoffs LLC has made an agreement with NPP LLC to purchase the majority of NPP's swine production assets, including approximately 50,000 sows, associated inventory and related market hog production.
The deal also includes NPP production facilities in Nebraska, Iowa and South Dakota. Representatives from both companies said they expected a smooth transition, calling the deal a natural fit due to the similar operating philosophies and values of the two organizations. The transaction is expected to be completed by the end of the first quarter of 2011. The exact terms of the deal were not disclosed.