USA – Tyson Foods has reached an agreement to divest its poultry processing facility in Vienna, Georgia to local poultry producer House of Raeford Farms.
Financial terms of the transaction were not disclosed.
House of Raeford Farms, a family-owned enterprise based in North Carolina, intends to continue poultry processing operations at the acquired site, leveraging existing workforce and grower relationships, as stated in their official announcement.
This acquisition underscores their commitment to expanding their market presence in frozen and ready-to-cook poultry products across the US and beyond, supported by brands like House of Raeford, Speedy Bird, and Filet of Chicken.
Tyson Foods, meanwhile, reassured stakeholders that customer orders will continue to be fulfilled seamlessly from its other production facilities.
This decision follows a series of strategic adjustments by Tyson, including the closure of various plants in response to evolving market dynamics.
Earlier closures included a pork plant in Iowa and two case-ready meat production facilities in Florida and South Carolina, reflecting Tyson’s proactive stance in aligning production with demand.
Recent financial reports from Tyson Foods have shown a nuanced picture of its operational performance.
Despite a decline in chicken sales by 8.2% to US$4.06 billion in the second quarter, the company revised its adjusted operating income guidance upward for its chicken segment, citing improved market conditions and a strategic realignment of supply chains.
CFO John Tyson highlighted adjustments made to production volumes to meet fluctuating demand, which contributed to a more resilient financial outlook for the company.
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