Peco Foods Inc., a family-owned business with processing
plants, hatcheries, and feed mills located in Alabama and Mississippi, contracted to acquire the physical assets of a Batesville, Arkansas
, poultry complex owned by Townsends, Inc. and subsidiaries.
In addition to the plant, feed mill and hatchery facilities, Peco will purchase selected inventories, Mark Hickman, CEO of the firm said on the company’s website.
“We are pleased to add the Townsend Foods complex in northeast Arkansas to our operations,” Hickman said. “The Batesville plant is very similar to our complex in Sebastopol, Mississippi, and will fit seamlessly with our overall market strategy and growth plan.”
Hickman said the transaction will close February 25, and there will be a quick transition to production in Batesville under the new Peco ownership. “This is an ideal opportunity for us to expand our production capacity at the right time in Peco’s history,” he said. “It is a very positive move for our company.”