Peterson Farms sells poultry operations
Peterson Farms has announced negotiations to sell its broiler operations to Simmons Foods by July this year.
According to officials, rising poultry business costs led to the decision.
The sale will include the broiler operation, egg hatcheries, corporate offices, a feed mill, a poultry processing facility, as well as a large number of contractor relationships with local farmers.
It is reported that the combination of the two firms would move Simmons into the top 10 largest chicken processors in the US.