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Lauren Ford

Lauren Ford

25 July 2022

Cargill and Continental Grain Company complete Sanderson Farms acquisition

Cargill and Continental Grain Company complete Sanderson Farms acquisition

Cargill and Continental Grain Company have completed their acquisition of Sanderson Farms through a joint venture between the companies. With the transaction, Cargill and Continental Grain have combined Sanderson Farms with Wayne Farms to form a new privately held poultry business. The deal, which was first announced in August last year, sees the poultry business purchased for $203 per share in cash. Clint Rivers, currently CEO of Continental Grain's Wayne Farms subsidiary, has been appointed CEO of the new combined company. The business – named Wayne-Sanderson Farms – will be headquartered in Oakwood, Georgia. Rivers commented: "I am honoured to lead the new Wayne-Sanderson Farms, which brings together a talented team with complementary operations and cultures and a strong commitment to employees, farmers and the communities where we operate. The new company is ideally positioned to continue to serve customers and consumers with high-quality and affordable products." Wayne-Sanderson Farms operates chicken processing plants and prepared foods facilities across Alabama, Arkansas, Georgia, Louisiana, Mississippi, North Carolina and Texas.

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