Butterball to close Colorado facility
Sept. 15, 2011
LONGMONT, COLO. — Butterball L.L.C. has announced it is closing its Longmont facility by the end of this year, citing increased input costs and an effort to streamline operations.
“The decision to close a facility is one of the most difficult decisions a company can make,” said Rod Brenneman, president and chief executive officer of Butterball, L.L.C. “With this country’s current economic situation, it is all the more difficult. However, government ethanol subsidies and record high fuel prices for much of 2010 and 2011 contributed to a major increase in our operating costs and the closure of this facility is necessary to streamline our operations and accommodate current and projected demands.”
Butterball’s increase in costs related to higher feed ingredient commodity markets has come to nearly $325 million during the past five years, the company said.