Twin Rivers Foods is headquartered in Fort Smith, Arkansas and processes poultry, pork, and beef products. The company also operated a pickle plant that closed in 2002. The pickle plant opened with 150 workers in the late 1990s. Chinese food twin rivers produce more than 500 different items for the food service industry and retail customers nationwide.
With these consumers as part of their market, Twin River’s products can be found distributed at restaurants like Red Lobster, Olive Garden, KFC and Long John Silvers as well as retailers such as Kroger and Wal-Mart stores nationwide.
1. TWIN RIVERS FOODS CO
Corporate: TWIN RIVERS FOODS, INC.
Ownership/Share Structure: 80% owned by members of the same family; 20% owned by independent
Minority Owned Business (Note 1) : None
Chairman, President and CEO: Russell W. Williams
Executive Vice President, Chief Operating Officer and General Counsel: Randall M. Williams II
Vice President, Controller and Chief Financial Officer: Stephen L. Linson
2. What is Twin Rivers Foods?
Twin Rivers Foods is a food processing company based in the state of Arkansas in the United States. The company was formed in 1996 with the acquisition of the plants located in Fort Smith and Quapaw, Oklahoma. It processes meat products, most notably its own brands of bacon and sausage. As of 2010, Twin Rivers Foods employed more than 2,000 people and had more than $1 billion in revenue.
The company is a privately-owned business that was founded by Russell W. Williams and his brothers Eugene T. Williams, John C. Williams, Porter E. Williams Sr., and their families. In 2006 the company won an award from the U.S Department of Commerce for its export performance; this was the first time a private firm had received such an award from Commerce for work done since 1990
3. How is Twin Rivers Foods financed?
Twin Rivers finances its business through a variety of means. The company has no significant debt and it has never had to use any debt financing. It pays all of its taxes, including the corporate tax, through cash flow and is in compliance with all federal, state and local regulations as well as all laws related to worker safety and environmental protection.
The company’s operations are self-sufficient and they are able to maintain earnings even during periods with lower sales because they have a diversified customer base that allows them to operate at greater efficiency than larger competitors who operate more narrowly focused businesses..
The company generates income from many sources. Its largest customer, that which supplies the bulk of its revenue, is the fast food industry. The company offers many products for sale to the fast food market and it also offers specific products for sale to specifically industrial markets such as grocery stores and Kosher food producers. Twin Rivers Foods operates a meat processing plant in Fort Smith and a pickle processing plant in Quapaw, Oklahoma. These plants have accounted for most of the company’s revenues since they were acquired in 1996. In recent years they have grown along with the company’s growth and in 2008 they produced over $100 million worth of meat products; between 2005 and 2007 these plants accounted for over 93% of Twin Rivers’ operating income.
4. Where does Twin Rivers Foods operate?
Twin Rivers Foods operates from two locations: its headquarters in Fort Smith and it’s pickle processing plant in Quapaw, Oklahoma. The headquarters are located along Interstate 40 and on the east side of the Pulaski County Airport. The Quapaw plant is located approximately four miles from the airport and has a combined area of approximately 150 acres. Twin Rivers operates its plants with state-of-the-art equipment that consists of stainless steel, automated conveyor systems, computerized throttle controls for all equipment, and sanitation systems designed to destroy pathogens found in raw foods such as meat products
5. When did Twin Rivers Foods start operations?
Twin Rivers Foods started operations in 1996 when it acquired plants in Fort Smith and Quapaw, Oklahoma from the J.M. Van Wormer Company, Inc. The plants had been founded by the J.M. Van Wormer Company in the early 20th century and operated as meat processing facilities with an innovative meat processing technique known as steam curing.
6. Who are the major shareholders of Twin Rivers Foods?
The owners of Twin Rivers Foods are individuals who all have diverse interests in different business sectors, company management and philanthropic causes. Directors of the company include members of the Williams family: Russell W., Randall M., Stephen L., Porter E., Eugene T., John C. and Kenneth B. Williams.
7. What products does Twin Rivers Foods produce?
A major product produced by Twin Rivers Foods is meat products such as bacon, sausage and smoked pork shoulder, ham, chops and tenderloins. The company also produces specialty products for use in industrial food production such as dehydrated meats that are sold to grocery stores for use in the making of pizzas, and other meals frozen entrees to be prepared in ovens at home.