Skip to main content

St. Cloud-based Gold'n Plump sold to large Illinois pork producer

  • Author:
  • Updated:
    Original:

An Illinois company has purchased the St. Cloud company behind Gold'n Plump chicken.

The Minneapolis St. Paul Business Journal reports that terms of the deal have not been disclosed, but that GNP will keep its headquarters in St. Cloud and its 1,700 employees and 350 partner family farms.

GNP has about 1,100 Minnesota employees in St. Cloud, Cold Spring and Luverne. The company also has about half of its partner farms in the state.

The St. Cloud Times reports the Maschhoffs LLC, who purchased GNP, is the largest family-owned pork production company in North America. They partner with more than 450 family farmers across the Midwest and produce enough pork to feed more than 16 million consumers annually.

The announcement was made in concert with GNP Company that officials signed the agreement on Thursday. The Maschhoffs, based in Carlyle, Illinois, will acquire the three chicken processing facilities, two hatcheries and two feed mills.

GNP Company will continue to be led by its present management team, including Mike Helgeson, a third-generation leader who has been CEO since 1993.

Both companies issued statements about the sale and the dedication to GNP's employees, according to a report in the Pioneer Press.

In a statement, Helgeson said, "No changes in business operations or company commitments are planned as a result of this acquisition. GNP Company will continue to build on its reputation as the Midwest's leading provider of premium quality chicken brands and products."

Maaschoffs' CEO, Jason Logsdon had a similar statement. "Our intent is to manage GNP Co. as a separate business unit next to our current pork production business. GNP Co. will continue to be led by its present management team members and contract growers."

The deal is expected to close in 30 days.

Next Up

Police tape

Woman dies after being shot in Minneapolis

The woman in her 20s died at the scene.

318932855_566492482149686_9036958628999185261_n

Twin Cities liquor store worker offers shoes off her feet to unhoused man

The man asked for boxes to use as makeshift shoes before the woman offered hers.

Screen Shot 2022-12-08 at 2.19.37 PM

St. Paul PD releases footage showing fatal police shooting of Howard Johnson

The 24-year-old died after being shot by a St. Paul officer Monday night.

318945683_10161683635994714_4236667683357316937_n

22 dogs taken in by Animal Humane Society from shuttered breeder

The dogs were taken in after a report stated there were too many on a single property.

COVER

Latest on the 2 snowstorms set to impact Minnesota

The first arrives Thursday night into Friday before a bigger system comes next week.

PepperSprayCopMPD

Cop who pepper-sprayed downtown protesters received $150K payout

Samantha Belcourt said she "feared for her life."

Powerball Minnesota lottery

$1 million Powerball prize won in Twin Cities

The winning ticket was sold in Chanhassen for Wednesday's draw.

Screen Shot 2022-12-08 at 9.16.18 AM

Animales Barbeque Co. looks to open brick-and-mortar location

The popular food truck has partnered with the owner of Billy Sushi.

Christmas presents

Here are some 2022 holiday shipping deadlines to keep in mind

Most deadlines are a few days before Christmas Eve.

Related