Sanderson Farms to merge with Wayne Farms under joint venture. - At a recent special meeting, Sanderson Farms stockholders approved the announced joint venture to be acquired by Continental Grain Co., and Cargill. The poultry processor confirmed that the deal allows shareholders to receive $203 per share.25 Oct 2021
Did Cargill buy Wayne Farms?
The plan is to merge Sanderson Farms with Wayne Farms, a subsidiary of Continental Grain. The transaction is expected to close by the end of 2021 or in early 2022, and Clint Rivers, the chief executive officer of Wayne Farms, will lead the combined companies.8 Sept 2021
Has Sanderson Farms been sold?
Sanderson Farms, which has a chicken processing plant and a chicken hatchery in Bryan, is being sold for $4.53 billion dollars. When the transaction closes in late 2021 or early 2022, Sanderson Farms will become a privately owned company.9 Aug 2021
How many processing plants does Wayne Farms have?
Wayne Farms reported sales of $2.2 billion in 2020 and operates 11 plants with approximately 10,000 employees.20 Sept 2021
Where is Wayne Farms headquarters located?
Oakwood, Georgia, United States
Who bought Wayne Farms?
OAKWOOD, Ga. — Wayne Farms LLC has reached an agreement to sell its Laurel Fresh Processing Complex to Amick Farms, a subsidiary of OSI group and a leading U.S. producer of fresh and further-processed poultry products.14 Oct 2021
Who is the CEO of Wayne Farms?
Clint Rivers
Who bought out Sanderson farm?
Cargill
Does Cargill own Sanderson Farms?
A major deal in poultry production was made this week in Mississippi. The Associated Press reported Cargill and Continental Grain formed a joint venture to acquire Sanderson for $4.53 billion.11 Aug 2021
What company owns Wayne Farms?
Continental Grain Company
How many locations does Wayne Farms have?
Wayne Farms facilities can be found in 9 different cities across the southeastern United States. While all the facilities are part of the Wayne Farms family, each location has a personality of its own.