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Peco Announces New $165 Million Project in Northeast Arkansas Hatchery, feed mill, processing plant, state-of-the art water treatment and protein conversion facilities
Tuscaloosa, AL…Today Peco Foods announced plans to build a fully integrated poultry complex in Randolph and Clay Counties in northeastern Arkansas. The new facilities will include a hatchery, feed mill and processing plant. Through both locations, the company plans to invest an estimated, $165 million and create 1,000 new jobs.
This morning in Little Rock, Mark Hickman, president and CEO of Peco Foods, joined Arkansas Governor Mike Beebe, local, regional and state economic development officials and elected officials for the announcement at the Arkansas State Capitol.
"We are extremely pleased to formally announce this new project today," Mark Hickman said. "As we have experienced firsthand with our complex in Batesville, the state of Arkansas is home to an outstanding workforce that shares the goals and values of our company. I want to thank Governor Beebe and his team for their assistance in making our Northeast Arkansas expansion a reality. We look forward to a long and very successful partnership."
Peco has had a presence in Arkansas since 2011 when the company acquired the Townsends Poultry Complex in Batesville. In addition to the Batesville facility, Peco operates a feed mill in Newark, Arkansas. Through such acquisitions and expansions, Peco has grown to become the eighth largest poultry producer in the United States, processing approximately 24 million pounds of poultry each week.
Hickman emphasized that one of the most important aspects of this new complex is that it will enable Peco Foods to expand its rapidly-growing niche as a preferred supplier of raw poultry commodity meats for value-added national accounts. He described that as a key strategy of the company's growth going forward.
"When Peco Foods acquired an existing Arkansas facility a few years ago, it made a significant investment in the workers of Northeast Arkansas," Governor Beebe said, "That investment has ultimately led to this major expansion. We are here today because Peco Foods knows the workforce in Randolph and Clay Counties has the necessary skills to take the company to the next level of success."
Construction will begin in two phases. Groundbreaking on the feed mill site is set for April and the first stages of work on the hatchery and processing plant will begin in July.
Mark Hickman said Peco will incorporate state-of-the-art waste water treatment and protein conversion facilities in the new complex and will utilize the latest technology.
"Historically, one of the biggest challenges facing any poultry company is the treatment of wastewater and the conversion of byproducts in a manner that is environmentally appropriate as well as cost effective," Hickman told the group in Little Rock today. "In keeping with our commitment to protect the environment, we believe the new systems will be a model for the industry."
Peco Foods is recognized worldwide for its dedication to quality and customer satisfaction. It is a premier jumbo bird company supplying many kinds of boneless products to national restaurant chains, regional food service distributors, and retail grocers to customers throughout the United States and in world markets.
Headquartered in Tuscaloosa, Alabama, Peco Foods has processing plants throughout Mississippi, Alabama, and Arkansas. The central location of Peco's plants guarantees fresh delivery in less than 72 hours anywhere within the continental United States.
Arksansas Governor, Mike Beebe and Peco Foods, Inc's President and CEO, Mark Hickman, announce Peco's plans to build new complex in northeast Arkansas.
IPPE Interview with Mark Hickman, President & CEO of Peco Foods, Incorporated
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Peco Foods to Acquire Townsends Poultry Complex in Batesville, Arkansas
Physical assets and selected inventories included in acquisition
Tuscaloosa, AL…Peco Foods Inc. has contracted to acquire the physical assets of the Batesville, Arkansas, poultry complex owned by Townsends, Inc. and subsidiaries. In addition to the plant, feed mill and hatchery facilities, Peco will purchase selected inventories, according to an announcement by Mark Hickman, CEO of the Tuscaloosa, Alabama-based poultry company.
“We are pleased to add the Townsend Foods complex in northeast Arkansas to our operations,” Hickman said Friday. “The Batesville plant is very similar to our complex in Sebastopol, Mississippi, and will fit seamlessly with our overall market strategy and growth plan.”
Like Peco Foods, Townsends, Inc. is a third-generation, family-owned poultry processor. Founded in 1891, Townsends filed Chapter 11 bankruptcy late last year, and the assets were sold at auction earlier this week. Mark Hickman said the transaction will close February 25, and there will be a quick transition to production in Batesville under the new Peco ownership. “This is an ideal opportunity for us to expand our production capacity at the right time in Peco’s history,” Hickman said. “It is a very positive move for our company.”
Peco Foods is a family-owned business with four kill plants, two further processing plants, four hatcheries, and four feed mills located in Alabama and Mississippi.