SOUTH SIOUX CITY, Neb. — A Minnesota-based co-op says it’s closed a soy protein plant in northeast Nebraska.

The Sioux City Journal reports that CHS Inc. says nearly 65 people lost their jobs with the closing of the former Solbar Industries plant in South Sioux City. CHS said Monday the closure was part in line with its plan to help restore financial flexibility by “reviewing all company assets to determine which are a strategic fit for CHS now and into the future.”

Eligible CHS employees will receive severance and separation benefits.

CHS, which acquired the plant for $133 million in 2012, says it is negotiating the sale of the facility to a Fortune 500 food company.

CHS is based in Inver Grover Heights, Minnesota, a suburb of St. Paul.

Author photo
The AP is one of the largest and most trusted sources of independent newsgathering. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.