Attached files

file filename
8-K - SEABOARD CORPORATION 8-K DATED MAY 13, 2015 - SEABOARD CORP /DE/k851415.txt
EX-10.1 - SEABOARD TRIUMPH FOODS, LLC SUBSCRIPTION AGREEMENT DATED MAY 14, 2015 - SEABOARD CORP /DE/ex10-1.txt


                                                               Exhibit 99.1

                               PRESS RELEASE



Seaboard  Foods  and  Triumph  Foods  announce  plans  to  build  new  pork
processing plant

Sioux  City,  Iowa  (May  14,  2015) - Seaboard  Foods  and  Triumph  Foods
announced today the formation of a joint venture, with equal ownership,  to
construct  a  new pork processing facility in Sioux City, Iowa,  with  site
work expected to begin this summer and construction completed by July 2017.

The  plant  is  expected to process about 3 million  market  hogs  annually
operating a single shift and employ approximately 1,100  persons, including
approximately 200 salaried positions and 900  hourly  production positions.
The  plant  will be built on property in  the  Bridgeport  West  Industrial
Park in Sioux City, located north of the Sioux Gateway  Airport  along  the
Missouri River.

A full line of fresh pork products for international, retail, food service,
and further processing markets will be produced. Seaboard Foods will market
and  sell the pork produced by the plant. Currently, Seaboard Foods markets
and  sells  fresh  pork processed by Triumph Foods' St.  Joseph,  Mo.,  and
Seaboard  Foods,  Guymon,  Okla., plants  to  domestic  markets  under  the
PrairieFresh  Premium  Pork  brand and   international  markets  under  the
Seaboard Farms and St. Joe Pork brands.

"Today's  announcement  marks another step in  strengthening  our  business
partnership  and  position as a leading integrated  food  system  providing
customers  domestically and throughout the world with premium pork  focused
on  the  highest  standards for food safety and pork quality  consistency,"
says  Terry  Holton, Seaboard Foods president and CEO. "We look forward  to
the  new opportunities the plant will bring to our customers as well as the
Sioux City region."

Mark  Campbell,  Triumph Foods CEO, adds, "When we started inquiring  about
expanding our business, we recognized the strong commitment and willingness
to welcome Triumph Foods and Seaboard Foods to the City. Local leaders have
built a business environment poised to bring growth to the region. We  look
forward to the new pork processing facility being part of that growth,  and
its staff being actively involved in the Sioux City community."

Triumph Foods is owned exclusively by pork producers and Seaboard Foods  is
a  wholly-owned  subsidiary  of  Seaboard Corporation  (NYSE  MKT:  "SEB").
Triumph  Foods and Seaboard Foods are integrated food companies, with  farm
operations  and pork processing, controlling the entire process every  step
of  the way from before the farm to the plate. Together, Seaboard Foods and
Triumph  Foods  have  aligned their farm operations  and  pork  processing,
including  genetics, pig nutrition, animal care, food  safety  and  product
quality,  to  ensure  consistent, wholesome premium pork  products  to  its
customers.   If  the  two companies were considered as  a  single  combined
entity, they would comprise the second largest hog producer, a top  5  U.S.
pork processor, and a leading exporter of U.S. pork.

In addition to the new plant, Seaboard Foods and Triumph Foods own  Daily's
Premium Meats that has bacon processing plants in Salt Lake City, Utah  and
Missoula,  Montana,  and a third plant under construction  in  St.  Joseph,
Missouri. Daily's markets and sells a variety of processed pork items  from
signature  honey cured bacon to applewood smoked bacon to naturally  smoked
hams  to breakfast sausages. The new pork processing plant will supply  raw
materials  for Daily's operations in addition to the Guymon and St.  Joseph
plants.

Sioux  City  was  selected  because  of the  existence  of  a  shovel-ready
industrial  site  location, transportation infrastructure, availability  of
market  hogs in the region, and the pro-business


environment city leaders, the Iowa Economic Development Authority and the State of Iowa demonstrated throughout the site selection process. Both Seaboard Foods and Triumph Foods share a strong commitment to stewardship and community involvement. Focused on being good neighbors, the pork processing facility will include a modern architecture design, customized landscaping for beautification and buffering from neighbors, and modern odor abatement technologies, as well as other environmentally friendly design features. Also, Triumph Foods and Seaboard Foods have made a commitment for the plant to support local civic and charitable organizations and community events. ###