Caviness retracts packing plant offer in San AngeloCaviness retracts packing plant offer in San Angelohttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=72242013-05-31T10:26:00Z2013-05-31T13:00:00Z

SAN ANGELO - The Amarillo company that announced April 12 it would purchase San Angelo Packing and preserve 200 jobs said it is backing out of the deal.

"We regret that it hasn’t worked out as anticipated, especially for our employees and their families that will be affected,” President Trevor Caviness said in the release. “All San Angelo employees are welcome to apply for job positions at the Hereford and Amarillo locations of Caviness Beef Packers.”

Caviness said the San Angelo plant did not work well into the overall operation

“Through the due diligence inspections, which we have conducted to date, and from the familiarity with the San Angelo plant that we gained by operating it, we have determined that the cost of repairing and renovating the plant to meet necessary standards makes our original plans to purchase and operate this facility not economically feasible,” Caviness Beef Packers said in a news release.

The plant will be returned to San Angelo Packing Co., company President Trevor Caviness said.

Cathy Ballard, executive director of Workforce Solutions for the Concho Valley, said Caviness notified the agency Wednesday, and she expects about 260 people to be laid off — again.

“We want them to come back to us to help them reinstate their unemployment benefits and provide them with what services they need,” she said.

San Angelo Standard-Times
San Angelo
http://www.gosanangelo.com/news/2013/may/29/san-angelo-packing-co-rescuer-retracts-offer/Read more at {Source}

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