MEAT+POULTRY - April 2015 - (Page 12)

BUSINESS NOTES OMP TO ACQUIRE CONAGRA PLANT WAYNE FARMS FILES FOR IPO Wayne Farms Inc., a unit of Continental Grain Co., filed an initial public offering of common stock. The company plans to raise $100 million, but the final size of the IPO could be different. The company will have two classes of authorized common stock, according to documents filed with the Securities and Exchange Commission. Both the Class A and Class B stock will have one vote per share. Continental Grain and its subsidiaries will hold all the issued and outstanding Class B common stock and will control more than a majority of the combined voting power of Wayne Farms' common stock, according to the filing. Continental Grain is one of the largest privately held corporations in the US. The company's ticker symbol will be "WNFM." Wayne Farms is the sixth-largest integrated producer and processor of broiler chicken products in the US. Ozark Mountain Poultry (OMP) plans to acquire a chickenprocessing facility, in Batesville, Ark., that ConAgra Foods intends to close in July. "After a thorough assessment of our operations, the company has determined that we need to close the Batesville facility and make Banquet chicken at a different location," Dan Hare, ConAgra spokesman said in a statement on March 6. "This will allow the company to operate as efficiently as possible and remain competitive." Production will be transferred to other ConAgra facilities. Meanwhile, OMP will retrofit the building to accommodate new processing capabilities. ConAgra did further processing at the facility; OMP plans to do first processing/harvesting. "This investment is part of the company's overall growth strategy," said Ed Fryar, CEO of OMP. "OMP is currently also constructing a new feed mill in Magness, Ark., to support its increased operations. The feed mill will be completed by early 2016 as well." for the latest news, go to www.MEATPOULTRY.com BUY AMERICAN! MADE AMERICA by AMERICANS WRAP AROUNDS BUTCHER F R OC K S & LAB C OAT S PROUDLY SERVING THE MEAT & POULTRY INDUSTRY FOR OVER 22 YEARS HIGHEST QUALITY - LOW PRICES - FAST & PERSONAL SERVICE BUY DIRECT FROM THE MANUFACTURER! FREE SAMPLE AVAILABLE American Quality in Every Stitch Call Brenda Today 12 MEAT+ POULTRYOmni Apparel, Inc. * 113 Kingsbridge Drive, Carrollton, GA 30117 | 04.15 | www.meatpoultry.com Local 770-838-1008 * Fax 770-838-1038 * e-mail: oapparel@bellsouth.net * www.omniapparel.com TOLL-FREE 1-800-951-COAT (2628) http://www.MEATPOULTRY.com http://www.omniapparel.com

Table of Contents for the Digital Edition of MEAT+POULTRY - April 2015

MEAT+POULTRY - April 2015
TABLE OF CONTENTS
COMMENTARY - The not-so-great outdoors
BUSINESS NOTES - MCDONALD’S ANTIBIOTICS POLICY SPARKS REACTION
SANDERSON NAMES SITE FOR NEW POULTRY PLANT
TYSON PLANT TO UNDERGO $47M UPGRADE
WAYNE FARMS FILES FOR IPO
OMP TO ACQUIRE CONAGRA PLANT
WASHINGTON - Advisors’ idle hands at issue
BURGER REPORT - Graze Craze
OVERCOMING OFF-FLAVORS
FRESH MATTERS
SLIDING INTO FIRST
FOOD SAFETY - SHORING-UP GROUND-BEEF SAFETY
SMALL BUSINESS MATTERS - New kid on the block
PACKAGING SOLUTIONS - MAKING A CASE
INDUSTRY EDUCATION - AGGIE-STYLE MEAT EDUCATION
INGREDIENT ISSUES - CLEANING UP
LIFERS - A MAN OF DISTINCTION
SHOW PREVIEW - PROCESSORS UNITE
FROM THE CORRAL - Handling keeps improving
SHOWCASE
NAMES IN THE NEWS
CLASSIFIEDS
ADVERTISERS
THE INSIDER

MEAT+POULTRY - April 2015

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