Advance Pierre Food

Orange City, IA, USA

Corporate, Food Processing

SITUATION:

Advance Pierre Food’s facility located in Orange City, Iowa, closed its doors leaving the real estate and the majority of the production equipment sitting idle. Advance Pierre Foods wanted to sell their 186,968 square foot frozen food plant and all surplus assets as a package to the highest offer. An end user in the frozen food industry would give the highest and best offer due to the specialization of the building and machinery.

SOLUTION:

Advance Pierre Foods called on the synergy of Schneider Industries and CBRE to find a willing and able buyer for the facility. After the deployment of a targeted and effective marketing campaign, Schneider Industries and CBRE received a handful of offers for the package. In less than nine months, an acceptable offer was presented to Advance Pierre Foods who was more than happy to close on the sale of the package.