The Hearst Corp. has bought the building that houses the Kaney Foods meat processing plant at 830 Capitolio Way in San Luis Obispo.
The building, which Hearst bought for about $1.675 million, is about 14,000 square feet and will continue to be leased to Kaney Foods.
That company processes all of Hearst Ranch’s beef from its ranches in San Simeon and Cholame, as well as other beef from the local ranch community, wild game hunters and local fairs, said Brian Kenny, division manager for Hearst Ranch Beef.
The purchase follows Hearst’s acquisition of Tom Dorsey’s Paso Robles Meat and Sausage Co. plant in Paso Robles this June.
Hearst then leased the plant at 3450 Riverside Ave. to Kaney Foods, which reopened the plant in July as White Stone Meat Packing.
Each week, the facility serves more than 600 customers, including restaurants, schools and supermarkets. Hearst is also working with Kaney Foods and professors at Cal Poly to develop state-of-the-art processing procedures for these plants, Kenny said.
— Melanie Cleveland