Home
News
1890 views
ConAgra sells Butterball to Carolina Turkeys
ConAgra Foods has finalised the sale of Butterball Turkey to Carolina
Turkeys, at a price of $325 million.
Carolina
Turkeys said that, with the acquisition of Butterball, it will be the largest turkey producer in the US.
It expects to produce 1.4 billion pounds of turkey in 2006 - 20% of total turkey
production in the US.
Carolina Turkeys is now officially known as Butterball LLC.
ConAgra
had $11.58 billion in sales for the year ended May 28.
Carolina Turkeys is a joint venture of Maxwell Farms and Smithfield
Foods. The Maxwell family owns 51% of Butterball LLC and Smithfield owns
49%.
For the
latest poultry news subscribe here
Editor WorldPoultry
To comment, login here
Or register to be able to comment.