by Lance Turner
Posted 10/16/2012 07:40 am
Updated 1 year ago
The Arkansas Democrat-Gazette reports that ConAgra Foods Inc. will close its Odom's Tennessee Pride pork-processing plant in Little Rock next year, cutting more than 200 jobs.
The newspaper said 240 people work at the plant.
ConAgra, based in Omaha, Neb., purchased Tennessee Pride of Madison, Tenn., in April for $95 million in an all-cash transaction. ConAgra said Tennessee Pride, which at the time was the second-largest producer of frozen breakfast sandwiches in the United States, had annual revenue of about $190 million.
News of the Little Rock plant closure comes a few weeks after ConAgra said it would add 80 jobs as part of an expansion of its food plant in Russellville.
The expansion comes as ConAgra integrates its $260 million acquisition of the Bertolli and P.F. Chang's Home Menu frozen meal business from Unilever. Officials said in a news release that production lines will be added to produce the new items.
Officials said the additional employees will increase the number of workers at the Russellville facility to about 1,430.
ConAgra (NYSE: CAG) has about 25,000 employees worldwide. Its brands include such household staples as Hunt's, Marie Callender's, Orville Redenbacher's and Wesson.
Odom's Tennessee Pride, a private company that was led by CEO Larry Odom, was founded in 194.