![]() Foster Farms, which generates revenues of approximately $3 billion annually, will keep its name.Ītlas operates in sectors as diverse as food manufacturing and distribution, aluminum processing, construction services, power generation, printing and supply chain management.Īccording to its website, Atlas' only other food company is Wizards Nuts, which operates as Flagstone Foods. With products available nationwide, Foster employs approximately 10,000 people and operates major processing facilities in California, Washington, Louisiana, Oregon and Alabama. Smith will no doubt be expected to bring some of these same changes to 83-year-old Foster. During that time, Tyson posted record growth, entered new markets and expanded its product offerings, the release noted.Ī major driver was moving Tyson further into store-branded offerings, highlighted by the nearly $8 billion purchase of Hillshire Brands, the owner of Jimmy Dean breakfast sausages and Ball Park hot dogs, in 2014. He held the position of CEO from 2009 until his retirement in 2016. The industry veteran spent 36 years with Tyson in roles spanning all business functions, according to the release announcing the transaction. From all accounts, Atlas is likely pouncing on high demand for protein and may see efficiencies it can wrangle from Foster under its ownership.ĭoing just that will be made easier by the appointment of Smith. It's also being purchased by a private equity firm, so there appears to be no overlap with existing chicken businesses that would draw the ire of antitrust critics. chicken producer based on 2021 production figures, according to Watt Poultry USA data. The family-owned company is much smaller, ranking as the 11th largest U.S. The purchase of Foster is different on several fronts. Meanwhile, the Justice Department is moving forward with its prosecution of former and current leaders at Pilgrim’s Pride and Claxton Poultry Farms in a price-fixing case for an unprecedented third time. The poultry industry also has been grappling with charges of price-fixing among the biggest producers, leading to significant settlements and even some criminal charges. regulators concerned about further consolidation in the sector. In a recent filing to the Securities and Exchange Commission, Sanderson Farms said it still expects the merger to be completed in the first half of the year. Still, despite an optimistic tone by executives at the time that the deal would close in late 2021 or early this year, it remains under review by U.S. The acquisition of Foster continues what has been an active period of deal-making in the poultry space.Ĭargill and Continental Grain struck a deal in August to acquire Sanderson Farms for $4.53 billion, a transaction that would give it about a 15% share of U.S. Nearly nine out of 10 covid deaths are people over the age 65.įor the latest news, sign up for our free newsletter. In the U.S., pandemic trends have shifted and now White people are more likely to die from covid than Black people. Where do things stand? See the latest coronavirus numbers in the U.S. We’ve also created a guide to help you decide when to keep wearing face coverings. Guidance: CDC guidelines have been confusing - if you get covid, here’s how to tell when you’re no longer contagious. We answered some f requently asked questions about the bivalent booster shots. New covid variant: The XBB.1.5 variant is a highly transmissible descendant of omicron that is now estimated to cause about half of new infections in the country. Here’s guidance on when you should get the omicron booster and how vaccine efficacy could be affected by your prior infections. New federal data shows adults who received the updated shots cut their risk of being hospitalized with covid-19 by 50 percent. ![]() ![]() Vaccines: The CDC recommends that everyone age 5 and older get an updated covid booster shot. ![]()
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