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ISOLA and INDIANOLA, Miss. -- Country Select Catfish and Delta Pride Catfish, Inc., said yesterday that they have formed a new company called Consolidated Catfish Producers, LLC (CCP) to take advantage of economies of scale in distribution. The combined sales for CCP will exceed $150 million.
The new company will be responsible for sales, marketing, and distribution activities for both processors. Other administrative functions may be merged into the new company at a later date. Both companies will continue to operate under their existing brand names, Country Select Catfish and Delta Pride Catfish, Inc.
Dick Stevens, current president of Country Select Catfish, will be retained as president of CCP, while Brad Stevens of Country Select Catfish and David Allen of Delta Pride Catfish, Inc. will serve as vice presidents.
The catfish farming industry has decreased in size for three consecutive years, and farm productions are predicted to be down again in 2006, the companies noted. Dick Stevens, president of Country Select and David Allen, president of Delta Pride, said they both agree that consolidations and mergers are long overdue for the catfish industry.