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NORTH CENTRAL EQUITY TO EXPAND ITS EGG BREAKING BUSINESS IN OHIO
Source: Business Wire

North Central Equity LLC, a Minneapolis-based holding company, announced that its subsidiary, Perham Egg Ohio LLC, has opened a new state-of-the-art egg breaking facility in Fort Recovery, Ohio.

"This new state-of-the-art egg processing plant significantly expands our egg industry operations," said Elam Baer, the CEO of North Central. The new plant, which opened last week, expects to process about 1,000,000 eggs per day with its current equipment.

The company plans to expand its capacity with the goal of breaking 3,000,000 eggs per day within two years. Liquid egg produced at the Ohio facility is sold to large companies who further process the liquid, which may be converted to powder or further processed to meet the demands of large institutional customers.

This expansion leverages North Central's already substantial institutional knowledge of the egg breaking industry. The company owns another plant in northern Minnesota, Perham Egg LLC, which has been producing liquid egg for two decades and has a long established industry reputation as a high quality supplier of liquid egg to some of the largest egg processors in the country.

The new plant in Ohio is a modern plant designed with the most current safety and quality food standards in mind. Investment in the new operation is approximately $9 million. Minneapolis based ExMarq Capital Partners, Inc. is a co-investor in the Ohio business, and Farnum Street Financial, Inc. participated in the equipment financing for the project.


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