Chicago’s Oldest Beef Processor Sells to Private Equity Firm
Australian beef processor Kilcoy Pastoral Co. (KPC) reached a definitive agreement to buy what is said to be Chicago’s oldest operating beef processor, Ruprecht Co., Mundelein, Ill.
Ruprecht produces a wide range of raw and cooked beef, pork, lamb, poultry and seafood products for foodservice, retail and export. Ruprecht employs about 270 workers at its state-of-the-art further processing plant. All employees will retain their jobs in the merger.