TriOak Foods has announced that the swine production company has sold its ownership interest in Triumph Foods to Christensen Farms.
Triumph Foods is a pork processing company headquartered in St. Joseph, Mo., that is owned by its producers. Triumph Foods was formed four years ago by Christensen Farms, TriOak Foods, New Fashion Pork, The Hanor Company, Eichelberger Farms and Allied Producers Cooperative.
"The sale of our shares in Triumph allows TriOak to allocate more resources toward expanding our Identity Preserved Corn Program, along with pursuing milling and grain processing opportunities to service our growing pork production base," says Randy Pflum, TriOak's chief executive officer.
"This transaction is a good fit for both companies, as Christensen Farms has seen a fair amount of live pig growth over the past few years," says Bob Christensen, Christensen Farms' chief executive officer. "This is a ‘win-win" outcome for both TriOak and Christensen Farms and allows each of us to address the current and future needs of our companies."
The sale was completed last week.
Source: TriOak Foods and Christensen Farms