Source: NEWS & OBSERVER, 7/29/11
 

The new Ukrainian owners of the North Carolina operations of chicken processor Townsends informed Siler City officials Thursday that they plan to close all the company’s facilities in the state by Oct. 1. The move, which would put roughly 1,200 people in Mocksville and Siler City out of work and terminate contracts with hundreds of chicken farmers, comes just five months after a Ukrainian billionaire, Oleg Bakhmatyuk, paid $24.9 million to buy Townsends North Carolina assets out of bankruptcy.

For more of this story, click here.