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Source: Janie Gabbett, MEATINGPLACE.COM, 1/22/09
Tyson Foods said it has completed the acquisition of Central Industries, a poultry by-products rendering company in Forest, Miss., which produces the raw materials used to produce pet food and other animal feeds, as well as biodiesel.
Tyson previously held a 49 percent ownership position in Central.
"We believe 100 [percent] 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 in a statement. "It will also give our rendered products business greater access to the southeastern U.S. market."
Tyson officials currently expect to make very few changes in total employment at the Central Industries plant, which currently has about 180 people on staff.
"Central has historically had a very good team and we look forward to welcoming them into our Renewable Products Group," Webster said.
Terms of the acquisition were not disclosed.
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