June 23, 2011

Poultry integrator files for bankruptcy in US

In the US a poultry integrator  business has filed for bankruptcy, Allen's Family Foods is struggling after 91 years as a poultry integrator, the CEO and President Robert Turley has set in motion 60 days of business restructuring and industry change. Turley said "the increase in corn from US$3.50 (€2.453) to US$8.50 (€5.958) was to blame, with poultry feed being it's highest input cost".

The company employs 2,273 people and packs about eight million pounds of poultry a week. Allen's Family Foods own 28 grow out farms and has contracts with 271 producers between Delmarva and North Carolina. a purchase agreement with Millsboro-based Mountaire Farms would buy Allen hatcheries in Seaford and Dagsboro, the Seaford administrative office, a Seaford feed mill, processing plants in Harbeson and Cordova and a rendering plant called JCR Enterprises in Linkwood. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers
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