Pilgrim's Pride Expands

A major East Texas employer has hatched a deal that will make it the nation's second-largest chicken producer.

Pilgrim's Pride is buying ConAgra Foods' chicken division, which is worth about $590 million. Pilgrim's Pride officials say they don't expect any significant workforce reductions at ConAgra because of the deal. The company is promising to honor all of ConAgra's agreements with union employees.

The ConAgra foods plant in Lufkin will not be affected by the deal in any way. Last month ConAgra officials in Lufkin announced an expansion project that will create 120 new jobs.