Chicago-based Loeb Winternitz Industrial Auctioneers announced that assets from Matador Processors’ USDA food processing and packaging facility was sold as a complete operation. The new owners will take up operations in the Blanchard, Okla., facility within the next few weeks.
"It's always rewarding to save jobs within a community, but it's definitely much better when you're saving a 40-year-old brand," says Howard Newman, president of Loeb Winternitz Industrial Auctioneers.
Loeb Winternitz was able to fully prepare the site for auction while simultaneously working with Matador Processors to negotiate the sale of the facility as a whole.
Matador Processors, Inc. is an independently owned frozen food manufacturer.