Chicken processor Foster Farms, Livingston, Calif., said it agreed to buy the Fernando's and El Extremo frozen Mexican foodservice business, brands and assets from ConAgra Foods Inc.
The Monroe (La.) News-Star said a U.S. Bankruptcy Court judge approved and finalized the $80 million sale of Pilgrim's Pride Corp.'s chicken processing plant in Farmerville, La.
Pilgrim's Pride Corp., Pittsburg, Texas, said it signed a definitive agreement to sell its chicken complex in Farmerville, La., for $80 million to Foster Farms.
Meat industry media reported that Pilgrim's Pride Corp., Pittsburg, Texas, rejected a joint $40 million offer for the company's Farmerville, La., plant from competitor Foster Farms, Livingston, Calif.
Chicken processor Foster Farms, Livingston, Calif., expects by April to complete a $2.1 million expansion at its corn dog processing facility in Demopolis, Ala.
Just days after Sanderson Farms said it will delay plans for a new plant in North Carolina, Foster Farms, Livingston, Calif., said it will no longer build a poultry operation in northeastern Colorado.