Tyson Foods to sell Georgia poultry complex to House of Raeford Farms
Tyson announced the permanent closure of an Iowa pork plant in March
10 July 2024
1 minute read
By: Tyson Foods said on Tuesday it will sell its Georgia-based poultry complex to chicken products maker House of Raeford Farms, as the US meatpacker looks to cut costs amid subdued demand, reported Reuters.
The company has been grappling over the last few quarters with price-conscious customers cutting back on meat purchases and has made efforts to return to profitability by shuttering chicken, beef and pork plants, as well as laying off corporate employees.
Tyson said House of Raeford Farms intends to continue poultry processing at the complex in Vienna, Georgia and would utilize the existing workforce.
The U.S. meatpacker, whose finance chief was suspended after arrest for intoxicated driving in June, said it would continue to servecustomer orders from other production locations.
The terms of the agreement, which are subject to approval from U.S. regulators, were not disclosed.
In March, the company had announced it would permanently close a pork plant in Perry, Iowa, eliminating about 1,200 jobs. This step was in addition to the closure of six chicken plants in the United States since the beginning of 2023.
In December, egg producer Cal-Maine Foods had also agreed to acquire a shut chicken broiler processing plant, hatchery and feed mill in Dexter, Missouri, from Tyson.
