After a private sale of Kane Beef fell through last week, the Corpus Christi beef processor will be sold at auction.
With approval from a Houston bankruptcy court, the new owners of Kane Beef say new investments will be made and operations will resume.
According to information from a Houston bankruptcy court, Kane Beef will have a new owner.
The sale of Kane Beef is scheduled to close Feb. 22, 2019, and operations are expected to resume "as soon as practical," the new owner says.
Sam Kane Beef Processing, the Corpus Christie, Tex., beef packer, has filed for Chapter 11 bankruptcy "to assure the fair treatment of our creditors and employees.”
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Dean Edge, Rimbey, Alta., was named Champion at the 2020 World Livestock Auctioneer Championship (WLAC) Midwestern Regional Qualifying Event in Yankton, S.D.