George's announces intent to buy Tyson's Harrisonburg operations
George’s Inc. has signed a letter of intent to buy the Tyson Foods Inc. poultry complex in Harrisonburg, Va., officials from both companies announced. The sale price has not been disclosed, however, representatives from both companies hope to complete the deal soon, pending execution of a definitive agreement and completion of customary closing conditions.
“We believe Tyson’s Harrisonburg complex will be a good fit for our company, complementing our existing poultry operations in Harrisonburg and nearby Edinburg,” said Gary George, chairman and CEO of George’s. “We don’t plan to make any immediate changes and expect to retain substantially all of the people currently employed by Tyson at Harrisonburg. It’s also our intention to honor the contracts Tyson has with the 121 contract farms that raise chickens for the complex.”