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Egg producer Cal-Maine to buy Tyson’s chicken plant in Missouri By Reuters

Egg producer Cal-Maine to buy Tyson’s chicken plant in Missouri By Reuters


© Reuters. FILE PHOTO: The Tyson Foods logo is seen in Davos, Switzerland May 22, 2022. Picture taken May 22, 2022. REUTERS/Arnd Wiegmann/File Photo

(Reuters) – Egg producer Cal-Maine Foods (NASDAQ:) announced Friday that it has agreed to acquire a recently closed broiler processing plant, hatchery and feed plant in Dexter, Missouri, from Tyson Foods (NYSE:).

Tyson, the largest U.S. meat producer by sales, announced in August that it would close four of its chicken plants in states including Missouri in an effort to cut costs amid a slowdown in demand for its products.

About 683 people worked at Tyson’s facility in Dexter, which has a population of about 8,000.

Cal-Maine said it plans to first convert the broiler processing plant into an egg grading facility and plans to make additional investments and create new jobs.

The company, which expects to complete the transaction during its fiscal third quarter, did not disclose the transaction amount.

Cal-Maine also said it plans to enter into agreements with some of Tyson’s former contract farmers and convert their operations to support its egg production.



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