The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry
Cargill has acquired ProPortion Foods, a US manufacturer of meat products including portion control steaks and marinated ready-to-grill meats.
The deal includes two plants, in Round Rock, Texas and Vernon, California, which will produce a variety of fully cooked protein products for Cargill’s retail and foodservice channel customers.
According to Cargill, the facilities' capabilities range from ready-to-cook and ready-to-eat meals, to value-added proteins for foodservice.
“Our agreement with ProPortion Foods is an exciting next step as we continue to execute our growth strategy and build our value-added cooked business,” said Rob Stewart, managing director for growth ventures in Cargill’s North American protein business.
“We are investing in our future and look forward to growing the Cargill team and our presence in the southern and western US while continuing to build our customer portfolio.”
Brian Levy, a partner with ProPortion Foods, added: “My partners and I worked really hard to create a great company in ProPortion Foods.
“We’re delighted that the business and our employees will have the opportunity to grow with Cargill, completing the vision we set out to achieve.”
The financial terms of the deal – which closed in December – have not been disclosed.