May 28, 2015
Seaboard Foods and Triumph Foods form joint venture for new pork processing plant
Seaboard Foods and Triumph Foods will form a 50-50 joint venture to build a new pork processing facility in Sioux City, Iowa, with site work expected to begin this summer and construction completed by July 2017.
The US$264-million project is expected to process about three million market hogs annually operating a single shift, reported the Sioux City Journal. The plant will be built 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.
Triumph Foods is owned exclusively by pork producers and Seaboard Foods is a wholly-owned subsidiary of Seaboard Corporation. Triumph Foods and Seaboard Foods are integrated food companies, with farm operations and pork processing, controlling the whole supply chain from before the farm to the plate. If the two companies were considered as a single combined entity, they would comprise the second largest hog producer, a top five US pork processor, and a leading exporter of US pork.