November 17, 2017 10:33 PM ET

Food Products

Company Overview of House of Raeford Farms, Inc.

Company Overview

House of Raeford Farms, Inc. operates as a poultry company that breeds, produces, processes, and markets chicken products for foodservice, retail, and export markets. The company handles various aspects of the poultry industry ranging from specialized breeding to production of raw processed/ready-to-cook chicken to fully cooked chicken products. It serves customers in the United States and internationally. The company was founded in 1959 and is based in Rose Hill, North Carolina with poultry grow out operations and processing facilities in the southeastern United States. It also has offices in Wilmington, North Carolina; and Qingdao City, China.

3333 U.S. Highway 117 South

P.O. Box 40

Rose Hill, NC 28458

United States

Founded in 1959

Phone:

910-289-6900

Fax:

910-289-6975

Key Executives for House of Raeford Farms, Inc.

Chief Executive Officer and President
Age: 72
Chief Financial Officer
President of Cooked Products Group
Vice President of Further Processed Sales & Corporate Marketing
Director of Business Development
Compensation as of Fiscal Year 2017.

House of Raeford Farms, Inc. Key Developments

Sanderson Farms, Inc. Announces Production Agreement with House of Raeford Farms

Sanderson Farms, Inc. announced that the company has signed an agreement to continue processing chickens grown by House of Raeford Farms at the Sanderson Farms poultry processing facility located in St. Pauls, North Carolina. Sanderson Farms has been assisting House of Raeford Farms on an interim basis prior to reaching this longer-term processing agreement. Under the terms of the agreement, Sanderson Farms will purchase, process and sell chickens grown by House of Raeford Farms through mid-December 2017. Sanderson Farms may elect, under the terms of the agreement, to process chickens on a fee basis rather than purchasing them. Sanderson Farms estimates that the additional volume of processed pounds this arrangement will generate for its St. Pauls processing plant will be 20.4 million pounds in its third fiscal quarter of 2017, 26.3 million pounds in its fourth fiscal quarter of 2017, and 12.4 million pounds during its first fiscal quarter of 2018.

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Recent Private Companies Transactions

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