Bankrupt AgFeed to Sell U.S. Operations in $79.2 Million Deal
By Amanda Brodhagen, Farms.com
AgFeed is poised to sell its U.S. operations for more than $79.2 million. The successful bidders include – High Plains Pork, Cohoma Pork, and Murphy-Brown. The company filed for bankruptcy July 15. High Plains and Cohoma will acquire AgFeed’s Oklahoma and Colorado assets, while Murphy-Brown will own the company’s North Carolina assets. The three firms will be dividing up the company’s Iowa properties. The deal does not include AgFeed’s hog operations in China.