George’s Plans To Focus On Broilers
US - Springdale poultry producer George’s Inc. will shed its consumable egg business near Siloam Springs to focus on expanding its broiler production, a top official with the company said last week.
3 May 2007
2 minute read
Monty Henderson, president and chief operating officer of the privately held chicken producer, declined to disclose the financial details of the deal, but confirmed the sale would include 1 million hens that produce about 350, 000 dozen eggs a week.
George’s struck the deal with Benton County Foods, a newly formed joint venture between two U. S. egg companies — Cal-Maine Foods Inc. of Jackson, Miss., and Country Creek Farms Llc. of Rogers, a major marketer of egg products.
While all parties remained mum on the deal’s value, the transactions would include pullet-growing facilities, and a feed mill in Watts, Okla.
“ Looking in our long-term opportunities, we see more opportunity in expanding our broiler business, ” Henderson said in a telephone interview last week.
“ We want to focus our growth on the broiler business, and we thought that it was the right time to exit the egg business, ” said Henderson.
Source: NWAnews.com
