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Friday, January 9, 2015
North Central Equity completes sale of Perham Egg
North Central Equity LLC, a Minneapolis based holding company, announced on January 5 it has concluded the sale of its egg breaking business in Fort Recovery, Ohio. North Central, formerly the controlling shareholder of Perham Egg Ohio LLC, sold its Ohio egg processing business to Cooper Farms and Weaver Brothers, which will jointly own and operate the facility under the new name CW Egg Products LLC.
Weaver Brothers is a producer and processor of shell eggs, while Cooper Farms produces turkeys, hogs and chicken eggs. Gary Cooper, chief operating officer of Cooper Farms, said in December the company wanted to diversify its egg operations, and the Perham Egg facility provided a great opportunity to do so.
The modern plant has only been in operation since July 2014.
“Capitalizing on our deep experience in the egg industry, we built a new state of the art egg processing plant in Ohio in a very short time, adding many jobs to the local economy in the process,” said Elam Baer, the CEO of North Central.
North Central Equity remaining in egg business with Minnesota operation
“We remain enthusiastic about the food processing sector generally and want to pursue additional opportunities in this area,” continued Baer. North Central continues to own another egg breaking business in northern Minnesota, through its subsidiary Perham Egg LLC.
The Minnesota operation has been producing liquid egg for over two decades and has a strong industry reputation as a high quality supplier of liquid egg to some of the largest egg processors in the country.