Seaboard Corp. has entered into an agreement to purchase a 50% interest in Butterball LLC, in partnership with the Maxwell Farms group.
September 14, 2010
Seaboard Corp. has entered into an agreement to purchase a 50% interest in Butterball LLC, in partnership with the Maxwell Farms group.
“Butterball is an iconic brand name in the United States, representing superior quality, outstanding value, and excellent customer service,” said Steve Bresky, Seaboard’s President and CEO. “We look forward to our participation with the Butterball management team and the Maxwell group and bringing additional value to Butterball.”
“We are pleased to be partnering with Seaboard and moving forward as the buyer of Butterball, the strongest brand in the turkey industry,” said Walter Pelletier, President of Maxwell Farms LLC. “Seaboard is a strong, diversified company with a great reputation in the agriculture and food industries, and we are confident the partnership will be mutually beneficial for both companies.”
Press release