Creekstone Farms, the Arkansas City, Kansas based packing company with $550 million in sales last year, has been sold to Japanese trading house Marubeni. Creekstone, the 12th largest U.S. packing firm, was owned by private-equity firm Sun Capital Partners. A Japanese news source reported the deal to be worth $170 million. Marubeni already owns an Australian feedlot, which means the company now has interests in two of the world’s largest beef producing and exporting countries. International business analysts believe Marubeni sees changes in trade policy among major economies as business opportunities, and is making a play to be on the leading edge of U.S. beef exports to China with its purcha
The Kansas Cattlemen’s Association has awarded $1,550 in scholarships to five students furthering their educations at Kansas State University and Fort Hays State University. The awards were determined by the KCA Board of Directors, and all of the scholarships were accepted by the recipients. The recipients were Quentin Haas of Madison, Derek Pfeifer of Ellis, Sam Davis of Madison, Jacee (Owens) Rietbrock of Minneapolis, and Chelsey Bieberle of Bushton. Quentin Haas is the son of Kane and Jolene Haas of Madison, Kansas. Quentin was a 2015 graduate of Madison High School. He previously attended Allen Community College, but he will transfer to Fort Hays State University beginning the Fall 2017