Pilgrim's Pride to sell chicken complex to Foster Farms
Pilgrim's Pride Corp. may enter a purchase agreement to sell its Farmerville poultry complex to Foster Farms, Livingston, Calif., for $80 million.
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#1 Mar 24, 2009
Don Jackson, CEO of Pilgrim's Pride said, "We believe this sale at this price is in the best interests of all parties involved, including our employees, growers, the Farmerville community, and our creditors." It is hard to believe that Don Jackson had everyone's interest at heart when they were finally coerced into selling the Farmerville plant to Foster Farms. There is so much public sentiment against Pilgrim's along with political and legal pressure that was the driving catalyst behind this deal. The interest of the growers, employees, and the Farmerville community was never considered by "spin master" Don Jackson. The truth seems to keep alluding Pilgrim's Pride's CEO Don Jackson. The state of Louisiana basically called Don Jackson's bluff and Pilgrim's Pride finally folded.
Since: Feb 09
#2 Apr 4, 2009
I gotta feeling that Pilgrim's is going to back out of this deal. Kind of like the kid who doesn't want to play with his toy, but at the same time doesn't want anybody else to play with it either. I hate to see this happen. There are a lot of good hard working people like myself who are at stake. The real heartbreaker thou are the growers. These people have put all of their eggs in the Pilgrim's Pride basket, and PP could care less. Its like I've always said we are like those chickens on the back of the truck-EXPENDABLE
#3 Apr 7, 2009
Dont hold your breath untill pilgrims pride does anything right.
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