A Golden acquisition.Frank Brooks Frank J. Brooks (Born September 6, 1978 in Brooklyn, New York) is a Major League Baseball player. A left-handed pitcher who bats from the left side, Brooks is 6'1" tall and weighs 200 pounds. He is currently a member of the San Diego Padres organization. eyes further expansion with purchase of manufacturing plant Gold Signature Foods, a newly formed affiliate of Golden West Foods under Brooks Foods Group, is getting into the chicken business. CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Frank Brooks recently purchased a turkey manufacturing plant from Wampler Foods Inc. in Monroe, North Carolina Monroe is a city in Union County, North Carolina, United States. The population was 26,228 at the 2000 census. It is the county seat of Union CountyGR6. Monroe Regional Airport is 5 miles NW of Monroe. , which he plans to convert into a chicken processing facility. The new plant will manufacture breaded and battered chicken tenders, patties and nuggets Nuggets can refer to several branches of interest:
While the acquisition marks a departure for Golden West (No. 71 on the BE INDUSTRIAL/SERVICE 100 list with $30.5 million in sales), which currently produces frozen onion rings Onion rings are a type of fast food commonly found in the United States, Canada, United Kingdom, Australia, Malaysia and other places. It generally consists of a small ring of onion dipped in batter and then deep fried. and French toast sticks, Brooks says the move was a goal from the start. "We wanted to do chicken from day one, but we had a noncompete agreement A contract limiting a party from competing with a business after termination of employment or completion of a business sale. Found in some business contracts, noncompete agreements are designed to protect a business owner's investment by restricting potential competition. that prohibited us from doing so for two years," says Brooks. The new poultry plant will enable Golden West to do business with larger companies like Wampler Foods, more national and regional restaurant chains--such as KFC--and more school lunch programs across the U.S. The new plant is twice the size of the former facility and will employ around 350 people. While Golden West had revenues of $30.5 million in 1997, Brooks doesn't anticipate any significant revenue boost for Golden Foods, in the first year of operation. "There'll be a lot of start-up costs to absorb among other things. We expect to break even with about $15 million in revenue." The purchase price of the plant was undisclosed and renovations were slated to begin in early in the year. |
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