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Tyson Foods, Inc. Selling poultry processing complex The Arkansas-based company said Tuesday it has invested in House of Raeford Farms “to optimize its plant network.”
The poultry complex in Vienna, Georgia, processes chicken for local retail customers and employs hundreds of workers. If the sale is completed, House of Raeford Farms plans to continue operations using its existing workforce and network of growers.
Financial details were not disclosed. Tyson did not immediately respond to a request for comment.
“Tyson Foods’ decision to sell the complex is part of its ongoing effort to optimize its plant network, and the company will continue to fulfill customer orders at other production facilities,” the company said in a news release.
The deal came after months of cost-cutting, most recently Tyson to halt pork production in Perry, Iowa The processing plant closed at the end of June, resulting in the loss of about 1,200 workers.
Tyson has closed eight processing plants over the past year, including six chicken processing plants and two raw meat processing plants.
Meanwhile, North Carolina-based House of Raeford Farms was looking to expand its production. Earlier this year, the company toured Aiken County, South Carolina, looking for potential sites. Watt Ag reportedHowever, officials said it was still “too early” to comment.
In 2015, Tyson $110 million investment in Vienna, GeorgiaThe transition from food service to retail is complex. The move added about 100,000 square feet of space and created 500 jobs in the area.
The company originally acquired the production assets from Cargill in 1995. Investor Fact Sheet.
