Glen Taylor, owner of the Minnesota Timberwolves basketball team, and other businesses, signed a deal to purchase the former PM Beef plant in Windom, Minn., for an undisclosed sum.

According to news releases, Taylor and a partner plan to invest $20-25 million to convert the plant, which was run by PM Beef Holdings and closed Dec. 11, 2015, to a state-of-the-art pork processing facility named Prime Pork.

Taylor will partner with Greg Strobel, a large hog producer in Pemberton, Minn., who said in an interview that refurbishing the plant will likely take about nine months. The Prime Pork plant would harvest more than 4,000 hogs daily—or about 1.5 million hogs annually—at full production and bring on close to 300-350 employees, news releases say.