Who owns western beef

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Technology Media and Entertainment Telecommunications. Cactus Holdings - Western Beef Inc. Thrives with RSM. It takes a village To achieve its mission of providing food and jobs, Cactus Holdings engages RSM for a number of services, including audit, financial analysis, technology consulting, tax real estate planning and GAAP accounting guidance.

Share email linked in facebook twitter. How can we help you? Castellana assumed the position of director-secretary of Ranchers Packing in and controlled most of the business functions of the company and Ranbar, its subsidiary.

Ranbar filed for reorganization under Chapter 11 of the federal bankruptcy laws and began shifting the company's operations to retail trade in order to continue in business with less capital needs. Also that year, a Securities and Exchange Commission lawsuit charged Ranchers Packing and Castellana with a number of business irregularities, leading to a consent agreement barring them from further violations of federal securities laws.

In Ranbar and its secretary-treasurer were indicted on 52 counts of defrauding the federal government in a scheme involving stolen food stamps. By the end of the year Ranbar had discontinued almost 90 percent of its wholesale operations. Ranbar emerged from bankruptcy in by agreeing to pay its unsecured creditors 25 cents on the dollar over a seven-year period.

Ranchers Packing continued to be profitable in and In August Ranbar closed its remaining packing operations as the result of legal action by the U.

Department of Agriculture that demanded a modification of the Flushing plant. This facility now became solely a retail store doing business under the trade name "Western Beef. The senior Castellana was listed as sales manager. Ranchers Packing was renamed Quarex Industries, Inc. During the year the company acquired a store in Spring Valley, New York, that was similar to its store in Flushing.

The company acquired Western Beef Supermarkets, Inc. In a report by the President's Commission on Organized Crime described Quarex as a "significant force in the meat business" that had "close ties" to the Mafia group known as the Gambino crime family. Peter Castellana was alleged to be a member of this family and a cousin of the family's recently murdered "boss," Paul Castellana, Sr. The commission also reported that poultry producer Frank Perdue had given a deposition saying that because of the involvement of the senior Castellana in several bankruptcies, Quarex had a bad credit reputation in the meat industry.

Perdue added that "the only way we would sell him, we had to have the money up front. Quarex's wholesale meat business was, in , purchasing products from slaughterhouses, meat-and-poultry processors, and other suppliers and selling them to about customers: supermarket chains, retailers, institutions, and other distributors.

A fleet of mostly refrigerated tractors, trailers, trucks, and vans carried more than 2. The two Western Beef stores, plus a third that opened in Elmont that year, sold grocery items but emphasized meat, poultry, dairy, produce, delicatessen, and other perishable foods in warehouse-type facilities of about 30, square feet each, mostly refrigerated. During Quarex transferred the operation of its tractors and trailers to a new subsidiary, Awesome Transportation, Inc..

By then the company was serving about 1, wholesale customers. In it acquired P. Food Market, Inc. The other six also were in New York City. At the same time Quarex acquired Southern Blvd. Supermarkets, Inc. Quarex was renamed Western Beef in By then its business, which had been about two-thirds wholesale, was more than half retail.

There were 14 retail stores by the end of The stores, whose goods were tailored to ethnic communities, were open seven days a week. Two had on-site bakeries. Sales and profits continued to advance in and , and by the end of there were 17 Western Beef supermarkets. However, the company's stock was selling for about half the price that comparable operations commanded.

The president, now Peter Castellana, Jr.