Everest, KS-Lifeline Foods, an entity of AgraMarke Inc. a farmer-owned, not-for-profit cooperative, has made a tentative agreement to purchase the Quaker Oats plant in northwest Missouri. The plant is scheduled to close next year. Lifeline Foods, which is based in Everest, KS, plans to mill flours made from corn, soybeans and wheat. Operations are expected to begin in June and the company will employ about 110 people. Terms of the sale were not disclosed.

The news is good for those in St. Joseph. When Quaker Oats announced last January that the plant would close next year, it was anticipated that 600 people would lose their jobs. AgraMarke Inc. was formed three years ago and has about 350 members in three states. AgraMarke officials said they hoped to employ some of the Quaker Oats employees.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.