Tyson Foods announced it would strengthen the benefits it offers its fully vaccinated U.S. frontline team members. Effective January 1, 2022, fully vaccinated team members can begin earning up to 20 hours of paid sick leave per year. New hires will also receive one week of vacation after six months of employment.
Tyson Foods will invest $300 million to construct a 325,000-square-foot, state-of-the-art production facility in Cane Creek Centre, an industrial park jointly owned by the City of Danville and Pittsylvania County in Virginia. The new facility will be used primarily for the production of fully cooked Tyson products like Any’tizer Snacks and Chicken Nuggets. The company has committed to purchasing 60 million pounds of Virginia-grown chicken over the next three years. Virginia successfully competed with North Carolina for the project, which will create 376 new jobs.
Perdue Farms, through its Franklin P. and Arthur W. Perdue Foundation, has awarded a $30,000 grant to Moveable Feast to help purchase a new delivery vehicle for its Home Delivered Meals program on Maryland’s Eastern Shore. The donation is part of Perdue’s “Delivering Hope To Our Neighbors” hunger relief initiative.
Wayne Farms CEO Clint Rivers will lead the new poultry business.
August 9, 2021
Cargill, Continental Grain Company, and Sanderson Farms have reached a definitive agreement for a joint venture between Cargill and Continental Grain to acquire Sanderson Farms for $203 per share in cash, representing a total equity value for Sanderson Farms of $4.53 billion. The purchase price represents a 30.3% premium to Sanderson Farms’ unaffected share price of $155.74 on June 18, 2021, the last full trading day prior to media speculation about the potential sale of Sanderson Farms; a 22.8% premium to the Sanderson Farms 30-day volume weighted average price as of June 18, 2021, and a 15.2% premium to the all-time high share price as of June 18, 2021. Upon completion of the transaction, Cargill and Continental Grain will combine Sanderson Farms with Wayne Farms, a subsidiary of Continental Grain, to form a new, privately held poultry business.
Perdue Farms has donated 42,000 pounds of chicken to help the Kingdom Worship Center in Baltimore in its ongoing mission to provide nutritious meals to underserved families amid the pandemic. The donation, which helped feed 5,000 families, is part of Perdue’s “Delivering Hope To Our Neighbors” hunger-relief initiative.
Bell & Evans has launched two premium, pre-seasoned fresh ground chicken products: Tacos de México and Herbs D’Italia, available now to select, partner Bell & Evans retailers. Both new Bell & Evans ready-to-cook, pre-seasoned ground chicken products are made from 100% dark meat and seasoned with premium quality spices, saving your consumers thought and time during meal prep.
Cooper Farms was built on a foundation of giving back and doing things the right way. It’s also been the goal to maintain those values and make them better than the way they were found. Now, all of these efforts have been compiled into the first-ever Corporate Social Responsibility Report.
Tyson Foods and Malayan Flour Mills Berhad (MFM) announced a partnership in which Tyson Foods will invest in the Malaysia-based company’s vertically integrated poultry business, which will add more supply flexibility for both companies. The transaction is subject to approval by the shareholders of Malayan Flour Mills Berhad, amongst others.