Mountaire Farms has announced its acquisition of the former Townsend/Omtron hatchery in Siler City, N.C. Closing is expected to occur soon, perhaps within 30 days. 

The hatchery became available for sale after owner Oleg Bakhmatyuk, a Ukrainian billionaire, decided in August 2011 to close Townsend's facilities in North Carolina.

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"The acquisition of the Siler City hatchery will provide Mountaire Farms with the additional growth opportunities that are essential for an expanding company," said Bill Massey, vice president of live operations for Mountaire Farms. "The addition of the Siler City hatchery will position us to expand our exceptional customer service to the local farming community and allow us grow our business."

"Mountaire is a producer of high-quality chicken products with market distribution channels in retail, wholesale, food service and export. Mountaire has a deep rooted commitment to quality service and value, and we look forward to future business growth and strengthening the ties we have with local the community," added Paul Downes, Mountaire Farms president and CEO.