Pilgrim's Pride To Sell Louisiana Chicken Complex For $80 Million
The company said it expects that the transaction would be completed within 30 days from signing the purchase agreement. The Farmerville operations include a processing facility, cook plant, hatchery, feed mill, protein conversion plant and any associated inventory.
Pilgrim's Pride and certain subsidiaries filed voluntary Chapter 11 petitions on December 1, 2008. The company's operations in Mexico and certain operations in the United States were not included in the filing and continue to operate as usual outside of the Chapter 11 process.
Pittsburgh, Texas-based Pilgrim's Pride employs around 47,000 people and operates chicken processing plants and prepared-foods facilities in 14 states, Puerto Rico and Mexico.
The company's primary distribution is through retailers and foodservice distributors.
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