Closed Tama Packing Plant May Reopen
TAMA, Iowa (AP) A beef packing plant in Tama that has been closed since 2004 may reopen this year after being purchased by a group of local investors.
The Waterloo/Cedar Falls Courier reports the investors, headed by Jeff Muchow, combined under the title Amber Capital to buy the property.
The plant was built in 1971 and has operated under several owners. It shut down after a mad cow disease scare led to a cutoff in U.S. beef exports.
Muchow said the project to reopen the plant will cost up to $10 million.
He says Amber Capital is seeking additional funds but has not received any government incentives.
The plant had employed up to 600 people but Muchow says it will likely start with up to 100 workers and eventually increase to maybe 350.