Leucadia Beef Unit to Close Plant With 1,300 Workers
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Leucadia National Corp., the investment firm run by Richard Handler, plans to shut a beef-processing facility with 1,300 workers, citing poor performance.
The closure in Brawley, California, will result in an impairment of a “substantial portion” of the $93 million in long-lived assets at the plant as of Sept. 30, the company said today in a regulatory filing.