Butterball LLC has listed its shuttered manufacturing plant in Longmont, Colo., for sale at $16.5 million.
The 27.5-acre property includes a 326,300-square-foot processing plant, a laboratory, spice blending and cold storage facilities.
When the plant closed in December 2011, the company laid off 350 workers at the location, down from 840 people in 2008.
The company cited increased operating costs as a result of government ethanol subsidies, record-high ingredient costs and record-high fuel prices for the closure.
Butterball bought the 60-year-old plant from ConAgra in 2006, making it the Garner, N.C.-based company’s westernmost location in the country.
A company spokesperson confirmed to reporters that no other facilities are for sale.
Butterball had said it spent an average of $65 million in each of the past five years, or a total of $325 million in that period, in increased costs related to higher feed and other commodity prices.
Butterball is America's largest producer of turkey products and now has five plants throughout the United States. Since the closure, production has been moved to its other facilities.
Source: meatingplace
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