Springdale-based meat giant Tyson Foods has signed a letter of intent to purchase a bacon processing facility in Omaha, Nebraska, from Millard Refrigerated Services.

Tyson is now engaged in the due diligence process, and as a result of that activity, will develop a final purchase agreement. The company has received early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvement Act.

The facility, which employs approximately 600, has been primarily involved in co-packing smoked bacon for private brands for retail and foodservice. The facility will continue to co-pack, as well as manufacture products under brands owned by Tyson Foods.

The facility, which was refurbished into a state-of-the-art bacon processing plant in the early 1990's, has approximately 329,000ft² under roof, including the processing area and cold storage capacity.

A closing date for the transaction has not been established at this time, nor has a transaction price been announced.