Case Farms Acquires Foster Farms Poultry Complex in Strategic Expansion

What's Happening?

Case Farms, a poultry processor based in Morganton, NC, has acquired the Farmerville, Louisiana poultry complex from Foster Farms. The acquisition includes fresh chicken, prepared foods, and protein conversion facilities, along with a feed mill in Arcadia, Louisiana, and a hatchery in Athens, Louisiana. The financial terms of the transaction have not been disclosed. Tom Shelton, founder and chairman of Case Farms, expressed pride in welcoming Foster Farms team members and growers to the Case Farms family. Mike Popowycz, vice chairman and CEO of Case Farms, stated that the acquisition aligns with the company's strategic growth plan and offers flexibility for customers. Foster Farms, headquartered in Livingston, California, sold the complex to focus on its core branded retail and foodservice channels.

Why It's Important?

The acquisition is significant for Case Farms as it enhances its production capabilities and expands its geographic footprint. By integrating Foster Farms' facilities, Case Farms can increase its output and diversify its product offerings, potentially leading to increased market share in the poultry industry. For Foster Farms, the sale allows the company to concentrate on its branded retail and foodservice channels, which could lead to more focused growth and innovation in those areas. The transaction also impacts the local economy in Farmerville, Louisiana, as Case Farms plans to continue investing in the region's poultry operations, potentially sustaining or creating jobs.

What's Next?

Case Farms is expected to integrate the acquired facilities into its operations, which may involve logistical adjustments and workforce integration. The company may also explore further expansion opportunities to leverage the new assets. Foster Farms will likely focus on strengthening its core business areas, possibly through new product development or marketing strategies. Local stakeholders, including elected leaders and community members, will be watching how Case Farms' investment impacts the region's economic landscape.