US grocery retailer Winn-Dixie Stores has announced that it has sold its Dixie Packers manufacturing facility in Madison County, Florida to The Smithfield Packing Company, a subsidiary of US meat processor Smithfield Foods. The financial terms of the transaction were not disclosed.
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“The sale of Dixie Packers is an important step forward with the strategic initiatives we announced last January to improve the company’s competitive positioning,” said Winn-Dixie president and CEO Frank Lazaran.
As part of the transaction, Winn-Dixie and Smithfield have entered into a supply agreement under which Smithfield will continue to provide Winn-Dixie with products manufactured at the Dixie Packers facility. Dixie Packers currently produces a range of smoked hams, hot dogs, sausage, sliced lunchmeats and other processed meat products for Winn-Dixie.
