George’s Inc. — a family-owned chicken producer based in Springdale, Arkansas — is among five firms that presented binding offers to acquire Keystone Foods LLC assets, said two people with direct knowledge of the matter.
Keystone, a U.S. supplier of chicken nuggets to McDonald’s Corp., has also attracted bids from Tyson Foods Inc., Cargill Inc., China’s Cofco Ltd. and an unidentified Japanese firm, the people said, asking not to be named because the discussions are private. Meat producer Marfrig Global Foods SA, Keystone’s owner, is studying the offers now and should conclude the process shortly, the people said. In May, Bloomberg reported the companies were among those selected by the Brazilian firm to continue in the bidding process.
Marfrig, Cargill, Tyson declined to comment. Cofco’s press office didn’t respond to a request for comment sent outside of regular business hours. George’s did not provide an immediate response to voicemail messages seeking comment on its potential interest in acquiring Keystone.
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