Wayne Farms, Inc. (NASDAQ: WNFM) was just established on March 4, 2015. It is headquartered in Oakwood, Georgia, USA. It is a Delaware company with 9,000 full-time employees (3/28/2015). One of the six largest broiler farmers in the United States. As of June 16, 2015, apart from owning the equity income of Wayne Farms LLC, it has no physical assets or actual business.
Wayne Farms (WNFM):
Wayne Farms Inc is a new company just established on March 4, 2015. It owns the equity income of Wayne Farms LLC. It has no physical assets, business, and even the company’s organizational structure is incomplete. On March 16, 2015, 12 days after its establishment, Wayne Farms applied for an IPO and plans to land on Nasdaq on June 25, 2015.
The prospectus shows that Wayne Farms has been formed after a series of complex acquisitions, owns the equity of Wayne Farms LLC, and is currently one of the six largest broiler farmers in the United States. The company sells its fresh and processed chicken products to retailers, distributors and catering operators through strong domestic and international distribution channels. WNFM provides fresh, boneless, pickled, breaded, cooked chicken and frozen products to its customers.
Wayne Farms processes more than 6.5 million poultry per week and more than 2.7 billion pounds of live chickens each year. In the fiscal year ended March 28, 2015, the company achieved revenue of 2.2 billion US dollars, compared with 2.1 billion US dollars in the same period last year, and processed 2.4 billion pounds of chicken meat, an increase of 5.2% over the same period last year.
Wayne Farms (WNFM) investment:
Wayne Agriculture Company plans to land on Nasdaq on June 25th, 2015 (but it failed to take place, and the listing date is to be determined), stock code: WNFM, fundraising of 240 million US dollars. In view of the recent severe avian flu epidemic in the United States, egg producer Carl Maine’s stock price has changed many times, and this IPO can be appropriately paid attention to.
Wayne Farms official website: official website
Wayne Farms US Stock Encyclopedia: US Stock Encyclopedia