Tanmiah Food Company, a Saudi Arabia-based supplier of meat and poultry products, has signed a memorandum of understanding (MoU) with European poultry producer MHP with an aim to boost Saudi poultry production. The agreement represents the initial step to set up a joint venture (JV) with Tanmiah Food’s fully-owned subsidiary — Desert Hills for Veterinary […]
Cargill and Continental Grain Company have wrapped up the previously announced joint $4.53 billion acquisition of Sanderson Farms, an American poultry company that was listed on Nasdaq. The all-cash deal of $203 per share was announced in August 2021. As previously announced by the parties, Sanderson Farms has been merged with Continental Grain’s subsidiary Wayne […]
Cargill and Continental Grain Company have agreed to jointly acquire publicly-listed Sanderson Farms for $4.53 billion with an aim to create a top US poultry company. Sanderson Farms produces fresh, frozen, and minimally prepared chicken. As per the offer, shareholders of Sanderson Farms will be paid $203 per share in cash, a 30.3% premium to […]
Aviagen said that it will build a new hatchery in Longview, Texas with an investment of $27 million to produce 1.1 million eggs per week for customers domestically in North America and globally. The poultry breeding company said that the new location will be its ninth hatchery in North America and the first in Texas. […]
Maple Leaf Foods, a Canadian consumer packaged meats company, has reached an agreement to sell its poultry plant in Drummondville, Quebec, and associated supply, to Giannone Poultry, for an undisclosed price. As part of the deal, the parties have signed a three-year supply agreement for enabling Maple Leaf Foods to maintain its supply of fresh […]
Poultry industry news : US meat processing company Tyson Foods has started construction of its new chicken processing plant in Humboldt in Gibson County, Tennessee with an investment of around $300 million. The new Tyson Foods poultry processing plant, which is expected to address the solid consumer demand for the company’s chicken products, is slated […]
Bell & Evans, a US poultry processing company is investing over $260 million towards a new poultry harvesting facility in Pennsylvania at Fredericksburg in Bethel Township, Lebanon County. The new chicken harvesting facility, which is scheduled to begin operations in early 2020, is expected to create about 1,800 full-time jobs in Lebanon County. It will […]
2 Sisters job losses : Chicken King Ranjit Boparan’s poultry processing company 2 Sisters Food Group has revealed plans to close three of its poultry plants across the UK, leaving 900 jobs at risk. According to the latest poultry industry news, the three poultry processing plants to be closed are the 2 Sisters Smethwick plant […]
Food industry news : Tyson Foods, a leading US meat processing company will build a new chicken production facility in Humboldt in Gibson County, Tennessee with an investment of over $300 million to help the company address the strong consumer demand for its chicken products. Originally, the Tyson Foods poultry production plant was supposed to […]