Poultry processor George's Inc. has finalized its purchase of Tyson Foods Inc.'s Harrisonburg, Va., poultry complex, according to reports.
The deal, which took effect on May 7, includes a processing plant in Harrisonburg, a hatchery in Broadway and a feed mill and truck shop in New Market. George's originally announced its intent to complete the purchase in March.
George's said it plans to retain the majority of the current employees as the complex, as well as honor any contracts Tyson had with local poultry growers. "In fact, we plan to gradually increase poultry production in the complex, using more of its existing capacity," said George's Chairman and CEO Gary George. "We believe this will benefit growers by reducing the amount of time between flocks and will help our production employees by giving them more work hours each week."
A purchase price was not disclosed.