Winn-Dixie sells meat facility to Smithfield
Sep 8, 2004 12:17 PM, from staff and wire reports
Winn-Dixie Stores Inc has sold its Dixie Packers manufacturing facility in Madison County, Florida to The Smithfield Packing Co Inc. Financial terms of the transaction were not disclosed.
“The sale of Dixie Packers is an important step forward with the strategic initiatives we announced last January to improve the company’s competitive positioning,” said Frank Lazaran, Winn-Dixie president and chief executive officer.
As part of the transaction, Winn-Dixie and Smithfield have entered into a supply agreement under which Smithfield will continue to provide Winn-Dixie with products manufactured at the Dixie Packers facility. Dixie Packers produces smoked hams, hot dogs, sausage, sliced lunchmeats, and other processed meat products for Winn-Dixie.
Jacksonville FL-based Winn-Dixie operates stores in 12 states and the Bahama Islands.
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