Atlanta - J. Douglas Cagle, Chairman & CEO of Cagle's, Inc announced that on November 14, 1997, Cagle's Inc. and Executive Holdings, LP, formed a Joint Venture Company to be known as Cagle's -- Keystone Foods, LLC, to construct and operate an integrated poultry complex in Clinton and Simpson counties of Kentucky.
Cagle's contributed assets owned in Kentucky with Executive Holdings, LP, contributing assets and cash.
Mr. Cagle stated that Joint Venture endeavors have proven to be an effective means of growth while restricting the commitment of capital resources and capitalizing upon the respective strengths of the Joint Venture partners.
At its regular quarterly Board of Director's meeting held today, the regular quarterly dividend of $.03 per share was declared to be paid on December 15, 1997, to shareholders of record on December 1, 1997.
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