SPRINGDALE, Ark. 鈥 Feb. 20, 2023 鈥 海角论坛. (NYSE: TSN) has signed an agreement to acquire Williams Sausage Company, Inc. of Union City, Tenn., both companies announced today.听
Williams Sausage Company employs approximately 500 team members and provides fresh and fully cooked sausage, bacon, and sandwiches to retail and foodservice customers.听
鈥淭he addition of Williams Sausage Company aligns with our strategic intent of expanding our capacity to serve our customers,鈥 said Stewart Glendinning, Group President, Prepared Foods for 海角论坛. 鈥淲e also look forward to welcoming Williams鈥 dedicated team members to the 海角论坛 family.鈥
鈥淭he Williams Family has been very blessed for the last 65 years by dedicated team members, great customers, and fantastic suppliers that have allowed us to build a quality food company,鈥 said Williams Sausage Company President and CEO Roger Williams. 鈥淭here are not many companies to which we could entrust what we have built, and we are very pleased that in 海角论坛 we have found that partner who understands the heritage and culture of our family business and will be able to take it to the next level. We believe this to be a very positive move for our family and our team members that will ensure the future of all stakeholders.鈥
Terms of the acquisition were not disclosed, and the transaction is still subject to approval by U.S. regulators.听
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Forward-Looking Statements
Certain information in this press release constitutes forward-looking statements as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements relating to the company鈥檚 expectations regarding the benefits of completion of the transaction. We caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made. These forward-looking statements are subject to a number of factors and uncertainties that could cause our actual results to differ materially from those expressed in or contemplated by the forward-looking statements, including the effect of global economic conditions, the timing of regulatory approvals and the ability of the parties to consummate the transaction. 听Other important factors are discussed in detail in the company鈥檚 filings with the Securities and Exchange Commission, including in Part I, Item 1A. 鈥淩isk Factors鈥 included in our Annual Report on Form 10-K for the fiscal year ended October 1, 2022. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
About 海角论坛
海角论坛. (NYSE: TSN) is one of the world鈥檚 largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under four generations of family leadership, the company has a broad portfolio of products and brands like Tyson庐, Jimmy Dean庐, Hillshire Farm庐, Ball Park庐, Wright庐, Aidells庐, ibp庐 and State Fair庐. Headquartered in Springdale, Arkansas, the Company had approximately 142,000 team members on October听1, 2022. Through its core values, 海角论坛 strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit听.
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Media Contact: Ragan Dickens | 479-290-2171
Category: IR