Tyson Foods Inc., Springdale, Ark., said Canadian antitrust officials have approved Tyson's earlier C$105.5 million deal to sell Lakeside Farm Industries.
Pilgrim's Pride Corp., Pittsburg, Texas, said it will idle three of its 32 U.S. chicken processing plants by mid-May as part of a corporate restructuring plan.
Speaking at Tyson Foods’ annual shareholders meeting, interim President and CEO Leland Tollett said officials at this Springdale, Ark.-based company have a “sense of urgency” and remain committed to key growth strategies.
Tyson Foods Inc. expects this summer to complete as much as $17 million in capital improvements to boost production at its Cherokee, Iowa, deli meats plant.
Tyson Foods Inc., Springdale, Ark., said President & CEO Dick Bond has decided to leave immediately and that former top executive Leland Tollett has agreed to return as president and CEO on an interim basis.
Meat industry media said Pilgrim's Pride Corp., Pittsburg, Texas, notified employees at its Live Oak, Fla., plant that the company will discontinue second-shift operations during the next 60 to 90 days.