Pilgrim’s Pride will start the procedures for selling two processing plants slated to shut down, under an agreement reached through mediation with opponents of the closures. The nation’s largest chicken producer will solicit bids until mid-May to sell plants in El Dorado, Ark., and Douglas, Ga., and a sale hearing will be held within a month if one is accepted, according to the agreement approved Tuesday by U.S. Bankruptcy Judge Dennis M. Lynn. The terms of the agreement are on hold for another plant slated for closure — in Farmerville — and farmers there. Last month Pilgrim’s Pride agreed to sell it to California-based poultry company Foster Farms for $80 million, with half that cost paid by Louisiana. But the deal won’t be complete without legislative backing.
Pilgrim’s Pride agrees to sell two plants
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