Le Mars, Iowa · Monday, March 22, 2010
[Masthead] Fair ~ 30°F  
Print Email link Respond to editor Read comments (3) Share link

Nor-Am finalizes purchase of Harker's plant

Wednesday, February 18, 2009
Nor-Am Cold Storage is the new owner of the former Harker's plant in Le Mars.

Greg Brandt, Nor-Am president and CEO, said today (Wednesday) the company will be using the plant to repackage and manufacture some products serving area food companies.

Opening day is not far for the new Nor-Am facility.

"I'm excited about it. We're going to try to have our people over there beginning work March 2," he said on a phone interview from their recently purchased Detroit Lake, Minn. plant. "That's our targeted first date of operations. We've got some equipment to move and some things to do."

They are going to start using the plant as-is, he said.

"Initially we're going to go into it pretty much as it is and we will begin our operations in there as soon as possible, then we will make any modifications to fit what we want to do as time goes on," Brandt said.

Nor-Am, he said, will likely add employees over time.

"We're not going to hire a wave of people right now but we anticipate increasing our employment as time goes on," Brandt said.

Currently Nor-Am employs more than 150 people in four states: Iowa, Minnesota, Nebraska and Texas.

Nor-Am's decision to purchase the plant was announced at the end of January at the Le Mars Annual Chamber Dinner.

Later, the Le Mars City Council voted to excuse about $115,000 Harker's owed on a city loan to help seal the sale to Nor-Am.

The council agreed to cut the remaining piece of a partially-paid $500,000 interest-bearing economic development loan from the city to a final payment of $108,000.

The negotiations for the Harker's plant took about four months, according to Jim Harker, Harker's president.

"Everybody contributed," he said. "The city was heavily involved, Roger Athens was heavily involved, and Greg Brandt and his team did a great job."

Harker sees the sale as a positive for Le Mars.

"A non-working asset is not good for any community," he said. "I view this as a good thing for the community and for my family."


Comments
Note: The nature of the Internet makes it impractical for our staff to review every comment. If you feel that a comment is offensive, please Login or Create an account first, and then you will be able to flag a comment as objectionable. Please also note that those who post comments on lemarssentinel.com may do so using a screen name, which may or may not reflect a website user's actual name. Readers should be careful not to assign comments to real people who may have names similar to screen names. Refrain from obscenity in your comments, and to keep discussions civil, don't say anything in a way your grandmother would be ashamed to read.

So who got to pocket the $115,000? I know who it wasn't, the taxpayers!

-- Posted by Michael Lamb on Wed, Feb 18, 2009, at 7:16 PM

Giving money away like candy

-- Posted by 1mkicks on Thu, Feb 19, 2009, at 9:59 AM

Just be thankful. Nor-am is a wonderful company. They have been so good us employees. LeMars should feel blessed that they continue to expand in the community. I enjoy working for them and I know others will too as they keep growing!

-- Posted by Bubblebee on Sat, Mar 7, 2009, at 1:04 PM


Respond to this story

Posting a comment requires free registration. If you already have an account on this site, enter your username and password below. Otherwise, click here to register.

Username:

Password:  (Forgot your password?)

Your comments:
Please be respectful of others and try to stay on topic.