PILGRIM’S PRIDE TO SELL CHICKEN FACILITY FOR $80 MILLION

FARMERVILLE, LA. — Pilgrim’s Pride Corp. has agreed to sell its Farmerville chicken complex to Foster Farms for $80 million. The sale, which is expected to close in 30 days, is subject to a price adjustment for inventory and a $40 million contribution from the state of Louisiana. The property includes a processing facility, a cook plant and a protein-conversion plant. Sale of the complex was prompted by Pilgrim’s Pride Co.’s bankruptcy filing last December.