Tyson completes Central Industries acquisition
January 21, 2009
by Bryan Salvage
SPRINGDALE, ARK. – Tyson Foods Inc. has completed the acquisition of Central Industries, a rendering company, based in Forest, Miss. By processing poultry by-products the company produces the raw materials used to produce pet food and other animal feeds, as well as biodiesel fuel.
Tyson previously held a 49% ownership position in Central, according to information sent to MEATPOULTRY.com by the company. Terms of the acquisition were not disclosed.
"We believe 100% ownership will enhance the efficiency of the business and generate a greater financial return," said Jeff Webster, group vice president of Tyson’s Renewable Products Division. "It will also give our rendered-products business greater access to the southeastern U.S. market."
Tyson officials said they expect to make very few changes in total employment at the Central Industries plant, which currently employs about 180 people. "Central has historically had a very good team and we look forward to welcoming them into our Renewable Products Group," Mr. Webster said.
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