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P.O. Box 988
United States
Sanderson Farms was a fully integrated poultry processing company engaged in the production, processing, marketing and distribution of fresh and frozen chicken. Founded as a small general feed and seed business in 1947, Sanderson Farms Inc. has grown into one the largest chicken companies in the world. The company was incorporated in 1955 with the initial public offering presented in 1987. The common shares of Sanderson Farms Inc. are traded on the Nasdaq Stock Exchange under the symbol SAFM. It employs 17,870 people. It offers 1,076 products under the brand Sanderson Farms.

Sanderson Farms produced 94.55 million pounds of ready-to-cook chicken on a weekly basis in 2021, an increase of 240,000 pounds — or about 0.25% — from 2020. Sanderson’s 2021 sales were $4.8 billion, an increase from $3.564 billion in 2020. Pilgrim’s sales break out is 33% retail, 59% foodservice and 8% export. Product forms are 87% fresh and 13% frozen; 98% cut-up.

In February 2021, winter storms in Texas, Louisiana and Mississippi caused enough cumulative damage to Sanderson Farms operations in the state to reduce the company’s ability to process at some facilities. Otherwise, significant damage was avoided.

In August 2021, Cargill and Continental Grain Company reached an agreement to form a joint venture and acquire Sanderson Farms for $4.53 billion or $203 per share. The combined company would be led by Wayne Farms CEO Clint Rivers. The deal is not yet closed as of January 2022.

In October 2021, the proposal received approval from antitrust regulators in China and Mexico. In December 2021, the U.S. Department of Justice requested additional information on the potential transaction.
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