Consumer
Tyson to Sell Chicken Plant as Streamlining Push Continues
- Tyson shut six plants, cut thousands of jobs last year
- Company earnings have plunged despite higher meat prices
Tyson Foods Inc. agreed to sell a chicken facility to House of Raeford Farms Inc. as part of efforts to restore profitability.
Raeford Farms, a family-owned meat producer, plans to keep processing chicken at the Georgia plant with the existing workforce and grower network, Tyson said. Tyson will service customer orders from other locations, the company said without providing further details.