CagleÕs signs letter of intent with Perdue

Nov. 20, 2003
CagleÕs Inc has signed a letter of intent with Perdue Farms Inc to sell CagleÕs Perry GA-based poultry processing complex, consisting of a processing
CagleÕs Inc has signed a letter of intent with Perdue Farms Inc to sell CagleÕs Perry GA-based poultry processing complex, consisting of a processing plant in Perry and a feedmill and hatchery in Forsyth GA, for $46 million. The letter of intent is non-binding, but says the parties will use their best efforts to sign a binding agreement and close the transaction no later than Jan 31, 2004.

Atlanta GA-based CagleÕs produces and distributes fresh and frozen chicken products nationwide and globally. Products include individually quick frozen parts, rotisserie chicken, breaded chicken, eight-piece cut chicken, bulk frozen parts, frozen tray pack parts, and boneless skinless breast.

About the Author

from staff and wire reports

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Waiting for a breakdown is costing you. Learn how smart preventive maintenance plans, accurate data, and cross-team coordination can protect your bottom line and boost profits...
Is your fleet ready for California's Clean Truck Check program? Our guide helps you navigate CARB compliance, avoid costly fines, and keep your trucks rolling. Learn how telematics...
Boost truck leasing profits with telematics insights! Reduce maintenance costs, improve uptime, and strengthen customer relationships. Learn how data drives success.
This free guide outlines simple steps for hiring and onboarding commercial drivers while ensuring that you meet Regulation Part 391 and maintain fully compliant driver qualification...