3-6 news: Louisiana forms task force to find buyer for Pilgrim's operations
“We’ve got a full-court press on doing everything we can,” Strain said. He added Pilgrim’s chief executive Don Jackson told him the company would accept between $65 million and $70 million for the northeastern Louisiana plants.
Earlier this week, Arkansas Governor Mike Beebe said a group of buyers were interested in acquiring Pilgrim’s El Dorado plant, which is also scheduled to be closed down. However, the poultry processor stated that it had not received any ‘meaningful’ offers. Strain believed the buyers offered just $10 million for the plant. “The company isn’t going to have a fire sale for pennies on the dollar and then face a new competitor,” Strain said.