Foster Farms, a West Coast-based chicken company with $3 billion in annual revenue, has agreed to a takeover by private-equity firm Atlas Holdings and will install former Tyson Foods chief Donnie Smith as its leader.
Foster Farms employs about 10,000 workers and operates processing facilities in California, Washington, Louisiana, Oregon and Alabama. The company is the 10th largest U.S. chicken producer by pounds produced, according to meat-industry publication Watt Poultry USA.
