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Simmons Foods buys Peterson Industries

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Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
Announced today that Simmons will buy out Peterson. I wasn't surprised there was a buyout but I am surprised it was Simmons. Like a lot of other producers, Simmons and Peterson have been hit hard by high grain prices.

Unfortunately, Peterson was a one man show for 3/4 century and with the death of the founder, I think the obstacles to a smooth transition was too great in the cold hard facts of a balance sheet.

On a personal level, a friend recently quit Simmons to work for Peterson and will now be returning to the fold, so to speak. I suspect he will simply quit but maybe not. He is both a field man and a grower.
 
Old People Remember The Jingle On The Fayetteville Station-
"hale's Hardy Chicks Will Make Your Profit Grow"
"hale's Hardy Chicks Are Better Bred You Know"

Little Known Kirk Hale Had A Big Part Of The Decatur Duo.

Sad That Someone Has Not Written The History Of These Gurus.

A Guy That Could Have Done (bob Edminstine Of Springdale) It Got Killed Last Spring.

"thanks For The Memories" Is In Our Life Much These Days.

Arkie Ed
 
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