Investment group

investment group acquires Foster Farms for an undisclosed amount | Company

Atlas Holdings has acquired Foster Farms, a family-owned supplier of fresh, frozen and prepared poultry products headquartered in Livingston, California, with extensive facilities in Arkansas and Louisiana.

Former Tyson Foods executive Donnie Smith has been hired to lead the company.

Founded in 1939 on a small farm, Foster Farms is the leading brand of fresh chicken in the West. With products available nationwide, the company employs approximately 10,000 skilled team members and operates extensive processing facilities

Among its facilities are a chicken hatchery in Glenwood, AR, a feed mill in Emmet, AR, a large chicken processing plant in Farmerville, LA and a feed mill in Arcadia, LA. Contract breeders for Foster Farms are present in Arkansas and Louisiana.

The company, which generates revenue of about $3 billion a year, will continue to operate as Foster Farms. Terms of the transaction were not disclosed.

Smith has been named the new CEO and Chairman of the Board of Foster Farms. Smith spent 36 years with Tyson in roles spanning all business functions. He was named CEO in 2009, a position he held until his retirement in 2016. Under his leadership, Tyson experienced record growth, entered new markets and expanded its product offering, remaining true to the legacy of Tyson while forging his way as one of the world leaders. largest food companies.

“I love the poultry industry and I’m proud that Atlas asked me to become the CEO of Foster Farms,” ​​Smith said. “I have long been an admirer of the Foster family and the business they have built over the past eight decades. In this new era, we will maintain and grow this legacy, rooted in animal welfare, quality superior products, customer service and community involvement.”

“We are delighted to welcome Foster Farms to the Atlas family of leading global companies,” Atlas Partners Sam Astor, Ed Fletcher and Mike Sher said in a joint statement. “We have a long history of partnering with proud family businesses to honor their past while fostering additional operational, environmental and financial success for the next generation. Working closely with Donnie Smith, the management team and members dedicated members of our team, that is precisely what we set out to do at Foster Farms.”