By RACHAL PINKERTON
QUINCY — Oregon Potato Company is purchasing Quincy Foods, in Quincy, Wash., for $21.5 million, according to court documents filed on Nov. 15, 2019. Oregon Potato will also be purchasing the inventory at an estimated value of approximately $72 million. The price for the inventory will be finalized 45 days after the closing date of the sale.
Quincy Foods, which has been owned by NORPAC, of Salem, Ore., was put up for sale as part of Chapter 11 bankruptcy. It was one of three facilities owned by NORPAC. NORPAC is in the middle of Chapter 11 bankruptcy, filed on Aug. 22, 2019.
According to reports, Oregon Potato Company and Simplot were bidding for the Quincy property. This is not the first time that Oregon Potato Company had bid on the property. It had pulled out of an earlier agreement with NORPAC saying it hadn’t been given the information necessary to do its due diligence. In November, Oregon Potato Company made a second offer, lower than its first.
The approval for the purchase of the property by the courts took place on Dec. 10, 2019.