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New owner of Townsends to lay off 145 at Siler City chicken plant

Posted: May 5th, 2011 | Author: | Filed under: By Location, USA | Tags: , , | No Comments »

The chicken processor whose North Carolina assets were bought by a Ukrainian billionaire earlier this year, is laying off 145 employees at one of its facilities in Siler City

Townsends employs about 1,200 people in Chatham County and has contracts with hundreds of chicken farmers in Chatham and surrounding counties. The company filed for Chapter 11 bankruptcy in December, and its assets were subsequently auctioned.

The North Carolina operations were acquired for $24.9 million by Omtron, a U.S. shell corporation created by Oleg Bakhmatyuk, a Ukrainian businessman who owns food, transportation, real estate and financial companies.

From: News Observer

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