Pilgrims Pride Sells Plant
Pilgrim's Pride Corporation, which filed voluntary Chapter 11 petitions on 1 December 2008, has announced that it has agreed to sell its chicken complex in Farmerville, Louisiana, to Foster Farms for $80 million. The transaction is subject to the parties entering into a purchase agreement, as well as approval by the US Bankruptcy Court.
The Farmerville operations include a processing facility, cook plant, hatchery, feed mill, protein conversion plant and any associated inventory.
The Farmerville operations include a processing facility, cook plant, hatchery, feed mill, protein conversion plant and any associated inventory.