Foster Farms Sells Assets To Us Poultry Peer Case Farms

Foster Farms facility. Credit: Idealphotographer / Shutterstock.com

Foster Farms has finalised an statement to transportation ownership of its web of accommodation successful Farmerville, Louisiana to poultry processor Case Farms.

In a statement, Foster Farms said nan transaction includes nan caller chicken, prepared foods, and macromolecule conversion accommodation located successful Farmerville, arsenic good arsenic nan provender mill successful Arcadia and nan hatchery successful Athens, Louisiana.

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Financial position of nan waste were not disclosed. However, a connection from Foster Farms said some companies “are committed to a soft modulation for their squad members, customers, and suppliers”.

Foster Farms, owned by backstage equity patient Atlas Holdings, said it carried retired nan waste arsenic portion of its “focus connected increasing its halfway branded unit and foodservice channels”.

The connection pointed to nan move aligning “with Case Farms’ strategical maturation scheme to heighten elasticity for its customers”.

Mike Popowycz, vice president and CEO of Case Farms, explained further: “The acquisition fits Case Farms’ strategical maturation scheme and provides elasticity to supply our customers pinch nan products they request to turn their business.”

Jayson Penn, CEO of Foster Farms said: “We want to widen our gratitude to nan full Farmerville squad for their dedication and difficult activity astatine Foster Farms.

“We are proud to person been portion of nan Farmerville organization and to person worked intimately pinch our elected leaders to position this important analyzable for sustained success.

“We look guardant to seeing Case Farms proceed to put successful nan poultry operations successful nan region pinch nan thief of our colleagues joining their squad today,” nan CEO commented.

Penn added that Foster Farms was now “even amended positioned to service nan millions of consumers who person made our marque a portion of their lives for generations.”

In January, Foster Farms revealed plans to extremity caller turkey processing astatine its Turlock installation successful California successful May

The institution astatine nan clip said it was responding to “changes successful marketplace demand”.