Sanderson Farms
Sanderson Farms is an American poultry producer which is based in Laurel, Mississippi.
 | |
| Type | Public company |
|---|---|
| Industry | Poultry farming |
| Founded | 1947, incorporated 1955[1] |
| Founder | D.R. "Bob" Sanderson, Sr. |
| Headquarters | Laurel, Mississippi, U.S. |
Key people | Joe F. Sanderson, Jr. (CEO and Chairman of the Board) Lampkin Butts (President, COO, and Board Member) Mike Cockrell (CFO, CLO, Treasurer, and Board Member) Tim Rigley (CAO and Secretary) |
| Revenue | US$3.4 billion[1] (2019) |
Number of employees | 17,000+ [1] |
| Website | sandersonfarms |
It is the third largest poultry producer in the United States and produces 13.65 million chickens per week. In 2021, it was included in Fortune 500 list.[2]
History
The company was founded in 1947 by D.R. Sanderson, Sr.[3]
In 1961, the company merged with Miss Goldy’s Chicken company.[3]
In 1987, it became a publicly-listed company.[3]
In 2020, the company made more than $3.5 billion, processing more than 4.8 billion pounds of meat.[4] In 2021, the company employed more than 17,000 people.[4]
In August 2021, Sanderson Farms was sold to global food corporation Cargill, in a joint venture with Continental Grain for $4.5 billion. The sale will combine Sanderson Farms with Continental subsidiary Wayne Farms to create a new, privately held chicken production company.[5] As of March 2022, the finalization of the sale is uncertain due to the investigations from the United States Department of Justice.
References
- "Investor Relations". Sanderson Farms. Retrieved 15 February 2020.
- "Sanderson Farms | 2021 Fortune 500". Fortune.
- "Fresh perspective: Sanderson Farms c.e.o. adapts to change". www.foodbusinessnews.net.
- "Sanderson Farms considers sale, WSJ reports". Food Dive. Retrieved 2021-07-08.
- "Cargill, Continental Grain to buy chicken producer Sanderson Farms for $4.5 bln". Reuters. 9 August 2021.
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