 991218 ConAgra Buys Seaboard Poultry DivisionDecember 10, 1999 Omaha, NE - Food conglomerate ConAgra Inc. is buying the poultry division of Seaboard Corp. for $375 million in cash. The companies said in announcing the deal on Monday they expect to complete it in early 2000. Seaboard Farms supplies chicken products for restaurant chains and fast-food outlets. It has annual sales of about $480 million. Based in Athens, Ga., Seaboard Farms has six processing facilities in Georgia, Kentucky and Tennessee. Seaboard Corp. is based in Merriam, Kan. ConAgra has annual sales of about $25 billion and is the nation's leading supplier to foodservice outlets. Its consumer brands include Healthy Choice, Banquet, Van Camp's and Wesson.
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