US chicken processor, House of Raeford Farms of Rose Hill, NC, has reached an agreement to purchase the business, operating assets, and trademark of Filet of Chicken, of Forest Park, Georgia, from Flagship Food Group.
Additionally, the companies have entered into a long-term supply and joint marketing agreement. It is contemplated that the closing will take place no later than June 27, joining one of the nation's top 10 chicken producers with a leading supplier of par-fried frozen poultry products.
Bob Johnson, President and CEO of House of Raeford, indicated that this action supports the company's strategy announced last year to expand its cooked chicken product lines in conjunction with an increase in chicken production volumes.
Under the terms of the agreement, the company will continue to operate as Filet of Chicken (FOC), and House of Raeford will honour all existing FOC supplier and customer agreements and contracts. As an independent operating unit, the current FOC management group will administer all purchasing and sales agreements.
Filet of Chicken employs approximately 500 associates at their metro-Atlanta plant and currently produces among other items battered and breaded chicken nuggets and tenders; marinated and roasted wings; and IQF filets and tenders. The company serves many of North America's most popular chain restaurants, grocery stores, and other foodservice distribution channels.
Operating an SQF Level III plant, FOC is also one of only a few further processors in the continental US certified to further process individually frozen organic poultry. FOC also processes antibiotic free poultry products.
Flagship Food Group