For Immediate Release
Abingdon, VA – May 11th, 2017 – Dutt & Wagner of Virginia, Inc. announced today that it has reached an agreement to acquire substantially all the assets of Parker & Reichman, relating to their commercial production, processing, distribution and sale of shell eggs business. The assets to be acquired include commercial egg production, feed mill, pullet rearing, and processing facilities with current capacity for approximately 600,000 laying hens and 200,000 pullets located near Andrews, North Carolina.
Dutt & Wagner expects to welcome Parker & Reichman’s more than 45 employees to the company.
Commenting on the announcement, Lake Wagner, fourth generation operator of Dutt & Wagner, said, “We have enjoyed a long-term working relationship with Parker & Reichman and are excited about the opportunity to take over ownership and management. This acquisition will be a catalyst in our strategy to utilize existing infrastructure while transitioning to new cage free egg production systems as the market demands cage free eggs”.
Wagner continued. “We believe Parker & Reichman’s size, facilities, and geographical footprint fit perfectly with Dutt & Wagner’s strategy addressing emerging cage free egg trends and our current markets.”
Dutt & Wagner of Virginia, Inc. along with its sister company Green Valley Poultry Farm is engaged in the production, grading, packing, and sale of fresh shell eggs. The company also operates a wholesale distribution warehouse with over 2,500 other items including dairy, poultry, beef, and pork. The company is privately owned and headquartered in Abingdon, Virginia. Majority of its products are sold in Virginia, West Virginia, Tennessee, Kentucky, North Carolina, South Carolina, and Georgia.
Dutt & Wagner of Virginia, Inc.
Lake Wagner, 276-628-2116