2017 revenue: $806 million
-33%
The sale of its Minnesota-based chicken business GNP Co. to chicken producer Pilgrim’s Pride Corp. accounted for the bulk of pork producer The Maschhoffs’ drop in revenue in 2017, according to Chairman Ken Maschhoff.
Maschhoff Family Foods’ sale of GNP closed in January 2017, finalizing a deal that totaled $350 million in cash and resulted in a reduction of St. Louis-based support employees.
With the sale of GNP, the Maschhoffs rolled the leadership of…
