Wayne Farms Sheds Poultry Processing Plant
The Continental Grain subsidiary completed the sale of its Fresh Processing Complex in Laurel, MS this month.
October 26, 2021
Continental Grain Co. subsidiary Wayne Farms wrapped up the sale of its Fresh Processing Complex in Laurel, MS to South Carolina-based chicken products firm Amick Farms on October 17. The location houses a feed mill, live production, and hatchery, as well as manufacturing and processing operations.
“We’ve had a very long and positive relationship with the Laurel community, and we’re glad we’ve been able to reach an agreement with a solid operator like Amick Farms who shares our values and will continue that community partnership,” Wayne Farms CEO and President Clint Rivers said in a company release. “The decision to sell the Laurel facility was not easy for Wayne Farms, but this is an important step in completing the proposed transaction with Sanderson Farms.”
A joint venture between agribusiness Cargill and Continental Grain entered into a definitive agreement to purchase Sanderson Farms on August 9. The companies anticipate the $4.5 billion transaction will close by early 2022. Wayne Farms will be merged with Sanderson Farms to create a new US poultry business.
Financial terms of the deal were not revealed.
Amick Farms currently owns two vertically integrated facilities in Maryland and South Carolina.
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