Agriprocessors CEO confirms talks with investors - KWWL - Eastern Iowa Breaking News, Weather, Closings

Agriprocessors CEO confirms talks with investors


POSTVILLE, Iowa (AP) - A top executive with Agriprocessors Inc. says he's optimistic that talks with investors interested in buying at least a share of the company could save the plant from a permanent shutdown.

Bernard Feldman is the chief executive officer of the embattled kosher meatpacking plant in Postville. He has confirmed that he is in "full-blown discussions" with investors.

The talks come as outside businesses seek payment of overdue bills and plant managers struggle with financial issues that have slowed production.

Feldman did not elaborate on which outside investors and companies were interested in buying a stake in the plant saying he didn't want to jeopardize the talks.

The plant, which came into Postville in the 1980s, is the area's largest employer.


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