|Founder(s)||Arthur W. Perdue
|Key people||Jim Perdue, Chairman|
|Revenue||> $6 Billion|
|Parent||FPP Family Investments, Inc.|
Origin and war era
The company was founded in 1920 by Arthur Perdue with his wife, Pearl Perdue, who had been keeping a small flock of chickens. 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. His son Frank Perdue joined the company in 1939 at age 19 after dropping out of college.
The company was incorporated as A.W. Perdue & Son and Frank Perdue assumed leadership in the 1950s. 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.
Perdue entered the grain and oilseed business by building grain receiving and storage facilities and Maryland's first soybean processing plant.
In 1968, the company began operating its first poultry processing plant in Salisbury. This move had two effects: it gave Perdue Farms full vertical integration and quality control over every step from egg and feed to market, as well as increasing profits which were being squeezed by processors. This move enabled the company to differentiate its product, rather than selling a commodity.
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.)
In 2010, the corporate structure of Perdue Farms changed. 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.
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.
- 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.
- "At A Glance". Perdue Farms. 2010. Retrieved 2014-01-07.
- "Our Story". Perdue Farms. Retrieved 2014-01-07.
- "Pilgrim Farms 10-K". Pilgrim Farms. Retrieved 3/4/2014.
- The Daily Times Perdue Restructure to Allow for Growth
- The Daily Times Salisbury Based Poultry Company Purchases Coleman
- Perdue Farms Our Products and Services