An unidentified company has made a move toward buying a struggling Postville meatpacking plant.
The plant, Agriprocessors, was the region’s dominant employer until last May, when it was the site of a huge immigration raid. It went into bankruptcy last fall. Its future has been in doubt since March, when an attempt to auction it off failed to attract an offer that would satisfy the company’s creditors.
Credit Buy Seen As Move Toward Agriprocessors Sale
An unidentified company has made a move toward buying a struggling Postville meatpacking plant.
The plant, Agriprocessors, was the region’s dominant employer until last May, when it was the site of a huge immigration raid. It went into bankruptcy last fall. Its future has been in doubt since March, when an attempt to auction it off failed to attract an offer that would satisfy the company’s creditors.