US-based Tyson Foods Inc. has signed a letter of intent to purchase a bacon processing facility in Omaha, Nebraska, from Millard Refrigerated Services.
Tyson is now engaged in the due diligence process, which will eventually develop into a final purchase agreement. The company has received early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvement Act.
The facility, which employs approximately 600 people, has been primarily involved in co-packing smoked bacon for private brands for retail and foodservice. It will continue to co-pack, as well as manufacture products under brands owned by Tyson Foods.
It was refurbished as a state-of-the-art bacon processing plant in the early 1990's and has approximately 329,000 square feet under roof, including the processing area and cold storage capacity.
The closing date and price of the transaction have yet to be announced.