Foster Farms Sold to Private Equity Firm

Private investment and equity firm Atlas Holdings announced Tuesday that it has completed its acquisition of poultry products maker Foster Farms. The brand will continue to operate under its own name.

Former Tyson Foods chief executive officer Donnie Smith was named chairman and CEO of Foster Farms. He retired from Tyson in 2016 after working for more than three decades in a variety of roles.

“I love the poultry industry and am proud that Atlas has asked me to become the CEO of Foster Farms,” Smith said in a release. “I’ve long been an admirer of the Foster Family and the business they’ve built over the past eight decades. In this new era, we will maintain and further that legacy, rooted in animal welfare, superior product quality, customer service, and community engagement.”

Foster Farms currently operates major processing facilities in California, Washington, Louisiana, Oregon, and Alabama.

Terms of the transaction were not revealed.