US – Cargill and Continental Grain Company have announced that they will acquire poultry producer Sanderson Farms for US$4.53 billion in an effort to bolster their presence in the US poultry market. Upon completion of the transaction, Cargill and Continental Grain will combine the latter’s Wayne Farms subsidiary with Sanderson Farms to form a new, privately-held US poultry company. According to a report by Food Dive, the new entity will control about 15% of U.S. chicken production, putting it in a better position to compete with larger competitors such as Tyson Foods and Pilgrim’s Pride. Wayne…
Read MoreCargill, Continental Grain to acquire US poultry producer Sanderson Farms for US$4.53bn
