Poultry processor Peco Foods announced Wednesday it will invest $13.8 million to expand a feed mill in Newark, Ark. and a processing plant it purchased in 2011 in Batesville, Ark., adding 300 combined jobs to the plants.
"Peco Foods' expansion into Arkansas was an excellent decision for us and we look forward to a long and successful partnership with the City of Batesville and the State," said Mark Hickman, president and chief executive officer of Peco Foods, in a news release issued by the Arkansas Economic Development Commission.
Peco Foods is the eighth largest poultry processor in the United States, processing more than 4.2 million birds and 22 million pounds of ready-to-cook poultry each week.
Peco Foods is a third generation, family-owned business founded in the late 1930s. Headquartered in Tuscaloosa, Alabama, the company holdings also include complexes in Alabama and Mississippi, each with a hatchery, feed mill, live production grow-out and processing plant.
The company also has two further processing plants in Mississippi.
Peco employs more than 4,900 people throughout its operations.
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