In this file:

 

·         Turkey giant Butterball to exit pork business, cut 600 jobs

·         Butterball to close Montgomery plant, cuts 600 jobs

 

 

Turkey giant Butterball to exit pork business, cut 600 jobs

 

Amanda Hoyle, Staff Writer, Triangle Business Journal

May 18, 2017

 

Butterball LLC, the Garner-based company best known for its turkey food products, announced to its 600 employees at its lone pork producing plant in Montgomery, Illinois, that it will be shutting the plant down in July.

 

Butterball had acquired the plant in 2012 from Gusto Packing Co. for the purpose of expanding its processing capacity and the geographic expansion of the Butterball brand. But in a statement from Butterball Chief Operating Officer Jay Jandrain on May 18, he said the decision to close the plant was made to “meet evolving consumer and customer needs and to address changes in market conditions.”

 

A company spokeswoman further explained that weakness in the raw material commodity markets for pork products and the company’s lack of vertical integration at the pork plant led to the financial decision to close.

 

Following the closure of the Gusto plant on July 17, Butterball will exit the pork business for both branded and private label products. In Montgomery, which is about 45 miles west of Chicago, Gusto had produced six product lines, including bank, bone-in smoked pork, smoked boneless hams, cooked campus, spiral sliced hams and deli meats.

 

“We are committed to retaining as many of our Montgomery employees as possible, and are committed to offering relocation assistance to any of our team members who have an interest in staying with the company and accept an available position at another location,” Jandrain stated.

 

Butterball operates six other processing plants in North Carolina, Arkansas and Missouri. The company ranks as the largest producer of turkey products with more than 1 billion pounds of turkey sold each year.

 

... Butterball is co-owned by Kansas-based Seaboard Corp. (NYSE: SEB) and Maxwell Farms...

 

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http://www.bizjournals.com/triangle/news/2017/05/18/turkey-giant-butterball-to-exit-pork-business-cut.html

 

 

Butterball to close Montgomery plant, cuts 600 jobs

 

Anna Marie Kukec, Daily Herald (IL)

5/18/2017

 

Butterball LLC said Thursday it will close its bacon processing plant in Montgomery and cut about 600 full-time jobs by July 17.

 

North Carolina-based Butterball said the closure is due to "changing market conditions" and "consumer needs."

 

About four years ago, Butterball bought Montgomery-based Gusto Packing Co., a maker of pork and turkey products under private labels for retail and food services nationwide. At that time, Butterball said it was looking to use the family-owned business to support its geographic expansion plan and manufacture innovative products.

 

Gusto, founded in 1972, operates at 2125 Rochester Drive, in Montgomery, located near Aurora.

 

Overall, the 60-year-old Butterball has about 7,000 employees who produce about 1 billion pounds of turkey products annually with processing facilities in North Carolina, Arkansas and Missouri. Once Montgomery closes its 260,000-square-foot facility, Butterball will no longer have processing plants in Illinois.

 

Besides placing some affected workers at other facilities, Butterball "will be seeking support from local and state economic agencies to find a buyer for the facility with the hope of securing new opportunities for the local economy," Chief Operating Officer Jay Jandrain said...

 

more

http://www.dailyherald.com/business/20170518/butterball-to-close-montgomery-plant-cuts-600-jobs