Items Tagged with 'Sanderson Farms'

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.

The sale includes transfer of all Harrison Poultry assets to Wayne-Sanderson Farms, including live production, hatchery, feed mill, manufacturing, production and transportation facilities.

Award applicants were rated in several categories including litter management, nutrient management, community involvement, wildlife enhancement techniques and participation in education or outreach programs

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.

Sanderson Farms announced it has implemented a temporary weekly attendance bonus for the Company’s employees in an amount equivalent to $1.00 an hour for each hour worked. The bonus payment commenced Monday, March 30, 2020, and will end Friday, June 26, 2020. Employees must have perfect attendance during the week in order to earn the bonus. The attendance bonus is applicable to all hourly positions, including new hires.

As COVID-19 continues to impact our daily lives, we are committed to taking every precaution necessary to keep you, our employees, and the communities in which we operate healthy and safe. While there are no known signs that COVID-19 is transferable through food or food packaging, we share global concerns over the spread and impact of the virus.

Sabra, WhiteWave, General Mills, OSI Group, Sanderson Farms, Smithfield Foods and Joseph Gallo Farms discuss trends and solutions behind green technologies and sustainable processing.