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In 2020, the company made more than $3.5 billion, processing more than 4.8 billion pounds of meat. [5] In 2021, the company employed more than 17,000 people. [5] In August 2021, it was announced that Sanderson Farms was sold to global food corporation Cargill, in a joint venture with Continental Grain Co. for $4.5 billion.
The Dutch Quality House brand was created in 1978, and acquired by the company in 1985 through the purchase of a processing plant in Oakwood, Georgia. Additionally, the company purchased plants in Bossier City, Louisiana and Douglas, Georgia and built two new plants in Decatur, Alabama. The company later sold the Bossier City location in ...
In February of this year, Wayne Sanderson Farms announced it is building a $43 million feed mill at the company’s processing plant in Danville, Ark., with completion expected in April 2025.
Wayne-Sanderson Farms, the nation's third largest poultry producer, closed a Moultrie, Georgia, processing plant due to a loss of electrical power from downed transmission lines, company spokesman ...
ContiGroup Companies, Inc (CGC) was founded by Simon Fribourg in Arlon, Belgium, in 1813 as a grain-trading firm. Formerly known as Continental Grain, ContiGroup has expanded into a multinational corporation with offices and facilities in 10 countries while employing more than 13,500 people worldwide.
Margins matter. The more Sanderson Farms (NAS: SAFM) keeps of each buck it earns in revenue, the more money it has to invest in growth, fund new strategic plans, or (gasp!) distribute to shareholders.
The plant reopened after a 9-day closure. [30] By April 15, 102 workers had tested positive for the coronavirus, and four had died. [31] Outbreaks of COVID-19 have also been found in six other JBS beef processing plants, in Souderton, Pennsylvania; Plainwell, Michigan; Green Bay, Wisconsin; Cactus, Texas; Grand Island, Nebraska; and Hyrum, Utah.
Although business headlines still tout earnings numbers, many investors have moved past net earnings as a measure of a company's economic output. That's because earnings are very often less ...