Perdue Farms

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Perdue Farms
Type private
Industry Poultry, chicken
Founded 1920
Founder(s) Arthur W. Perdue
Pearl Perdue[1]
Headquarters Salisbury, Maryland
Key people Jim Perdue, Chairman
Products Poultry, chicken
Revenue > $6 Billion[2]
Employees 19,000[2]
Parent FPP Family Investments, Inc.
Website Perdue.com

Perdue Farms is a major chicken processing company based in Salisbury, Maryland, United States with annual sales in excess of $6 billion.[2]

History[edit]

Origin and war era[edit]

The company was founded in 1920 by Arthur Perdue[1] with his wife, Pearl Perdue, who had been keeping a small flock of chickens.[3] The company started out selling eggs, then in 1925, Perdue built the company's first hatchery, and began selling layer chicks to farmers instead of only eggs for human consumption.[3] His son Frank Perdue joined the company in 1939 at age 19 after dropping out of college.[3]

Post-war growth[edit]

The company was incorporated as A.W. Perdue & Son and Frank Perdue assumed leadership in the 1950s.[1][3] The company also began contracting with local farmers to raise its birds and supplying chickens for processing as well as opening a second hatchery in North Carolina during this period.[3]

Full integration[edit]

Perdue entered the grain and oilseed business by building grain receiving and storage facilities and Maryland's first soybean processing plant.[3]

In 1968, the company began operating its first poultry processing plant in Salisbury.[3] This move had two effects: it gave Perdue Farms full vertical integration and quality control over every step from egg and feed to market,[3] as well as increasing profits which were being squeezed by processors.[1] This move enabled the company to differentiate its product, rather than selling a commodity.[1]

In 1991, Frank's son Jim Perdue was named Chairman, becoming the third generation of leaders from the Perdue family.[3]

Perdue today[edit]

As of 2005, Perdue Farms is the third-largest American producer of broilers (chickens for eating), annually producing 59,320,000 pounds of ready-to-cook broiler meat, behind Tyson Foods (3,130,000,000 lbs.) and Pilgrim's Pride Corp. (7,200,000,000 lbs.)[4][citation needed]

In 2010, the corporate structure of Perdue Farms changed.[5] A holding company, FPP Family Investments, Inc., owned by the Perdue family, became the controlling entity for Perdue Farms. The holding company also owns Perdue AgriBusiness, a grain operation; FPP Business Services, a shared business services company; and Coleman Natural Foods.[6]

Oher subsidiaries include Heritage Breeders, LLC, which is responsible for developing the breed used by Perdue, and developing other lines of stock for sale to other poultry companies; Venture Milling, which creates proteins for livestock; Perdue Fats and Proteins, LLC, which sells pet and animal feed ingredients; Perdue BioEnergy, LLC, which works in the field of renewable energies; and Perdue AgriRecycle, which converts poultry litter into organic fertilizer products.[7]

References[edit]

  1. ^ a b c d e Schmetterer, Bob (2003). Leap: A Revolution in Creative Business Strategy. Hoboken, New Jersey: John Wiley & Sons. pp. 72–76. ISBN 978-0-471-22917-9. 
  2. ^ a b c "At A Glance". Perdue Farms. 2010. Retrieved 2014-01-07. 
  3. ^ a b c d e f g h i "Our Story". Perdue Farms. Retrieved 2014-01-07. 
  4. ^ "Pilgrim Farms 10-K". Pilgrim Farms. Retrieved 3/4/2014. 
  5. ^ The Daily Times Perdue Restructure to Allow for Growth
  6. ^ The Daily Times Salisbury Based Poultry Company Purchases Coleman
  7. ^ Perdue Farms Our Products and Services

External links[edit]