Peco Foods closes on Batesville poultry plant
by February 25, 2014 5:23 pm 905 views
Peco Foods Inc. has acquired Townsends’ poultry plant, feed mill and hatchery in Batesville. Peco also said it will purchase selected inventories, according to an announcement by Mark Hickman, CEO of the Tuscaloosa, Ala.-based poultry company.
“We are pleased to add the Townsend Foods complex in northeast Arkansas to our operations,” Hickman said Friday, (Feb. 22). “The Batesville plant is very similar to our complex in Sebastopol, Miss., and will fit seamlessly with our overall market strategy and growth plan.”
The deal was transacted through the bankruptcy court auction and is slated to today, (Feb. 25).
Peco Foods is the 8th largest poultry producer in the United States and privately held and family operated. The company has a processing capacity of 24 million pounds of poultry per week in its six other slaughter and processing plants located in Alabama and Mississippi.