As a part of the closing of the transaction, Cargill and Continental Grain have combined Sanderson Farms with Wayne Farms, a subsidiary of Continental Grain, forming a new privately held poultry business.
Kelly-Green is a partner in The KGR Group, whose primary interests are investments in Lennys Grill and Subs restaurant franchises located in Memphis, Tennessee.
Drop in sales reflects "significant counter-seasonal weakness" in market prices for boneless breast meat produced for foodservice customers, company says.