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Sanderson Farms

Sanderson Farms provides initial assessment on North Carolina operations

Following landfall of Hurricane Florence and the related severe weather and flooding, an initial update was issued on the status of the company's operations in the region.

In a statement issued late Sept. 15, Sanderson Farms, Inc., provided an update on the status of its in North Carolina following landfall of Hurricane Florence and the related severe weather and flooding in the region.

Joe F. Sanderson, Jr., chairman and chief executive officer of Sanderson Farms, Inc., said, “We are pleased to report we have not received any news of injury or loss of life among our employees and growers in the North Carolina area affected by this devastating storm. We will continue to assess the situation related to our processing plant, hatchery and feed mill in Kinston, N.C., and our processing plant and hatchery located in St. Pauls and Lumberton, N.C. An initial assessment indicated no significant damage to those facilities, and we are pleased that power has now been restored in Kinston.

"However, given the amount of rain those areas continue to receive, our assessment will continue through the weekend. Our live inventory and the assets of our independent poultry producers in the region comprise a significant portion of our operations. Given the logistical difficulties caused by flooding and impassable roads, assessments of damage to those facilities will also continue.

The company said another update would be forthcoming on Monday, Sept. 17.

"We are very grateful for the hard work and support from first responders and local officials. Our thoughts and prayers are with everyone affected by this storm, and we are prepared to help local communities as we are able once the storm passes and recovery efforts begin,” added Sanderson.

Sanderson Farms is engaged in the production, processing, marketing and distribution of fresh, frozen and minimally prepared chicken. Its shares trade on the NASDAQ Global Select Market under the symbol SAFM.

TAGS: Business
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