(Press Release from Mountaire's web site)
“Although the poultry industry continues to face challenges, we are optimistic about the opportunities for growth in the Delmarva region and expect the benefits in the coming years to justify the investment needed for expansion,” said Mountaire Chief Executive Officer, Dave Pogge.
To assist with the planned expansion, Mountaire also announced today that it has entered into an Asset Purchase Agreement to acquire all of the inventory, hatcheries, feed mill, breeder operations, rendering operations, and production assets of Allen Family Foods, Inc.; Allen Hatchery, Inc. and JCR Enterprises, Inc. ("Allen's"). Any acquisition of Allen's operations will require bankruptcy court approval.
"Pending court approval, our intention would be to commence operations as soon as possible." said Mr. Pogge.