The nation's third-largest poultry producer announced the promotions of Aaron Leach to chief commercial and supply chain officer and Michael Crump to chief operations officer.
Chicken Bacon provides a unique protein option that meets shifting consumer habits with flexible preparation—cooks easily in oven, air fryer, or microwave.
The sale includes transfer of all Harrison Poultry assets to Wayne-Sanderson Farms, including live production, hatchery, feed mill, manufacturing, production and transportation facilities.
By automating this process, these vibratory conveying systems maximize production efficiency, increase throughput and minimize labor requirements while improving sanitation to protect product quality.
Perdue is bringing back its limited-edition THANKSNUGGETS just in time for the holiday. Last year it sold out online in less than three minutes. Now for the first time, the white breast meat with sweet potato-flavored breading turkey nuggets are available in retail grocery stores nationwide so everyone can get their hands on them this holiday season.
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.
