Luverne’s Gold’n Plump getting new owner
LUVERNE — GNP Co. and its subsidiaries, including the Gold’n Plump plant in Luverne, are being acquired by The Maschhoffs LLC, the largest family-owned pork production company in North America.
The agreement was signed Thursday and announced Friday.
GNP Co. and The Maschhoffs pork production business will operate as separate business units following the closing of the transaction. The transaction is expected to have no immediate impact on the Luverne Gold’n Plump plant or any of the other entities involved in the sale.
According to a news release, GNP’s headquarters will remain in St. Cloud, and its nearly 1,700 employees and 350 family farm partners will be retained.