Private equity firm Highview Capital has announced its purchase of Randall Farms, a US provider of fresh poultry and meat products, for an undisclosed sum.
Randall Farms partners with grocery customers to provide all types of processed and value-added meats including fresh prepared meals and marinated, ready-to-cook offerings. The company operates in California, the Pacific Northwest, Arizona, Texas, Nevada and New Mexico.
Highview Capital bought Randall Farms from the family of Stan Bloom, whose father Sid founded the business. “My family founded Randall Farms in 1952 as a small poultry farm raising chickens to sell to local supermarkets,” said Bloom.
He added: “I’m so proud of all of our team’s hard work and how far we’ve come to become an established partner of choice to grocery stores looking for affordable, value-added protein offerings.
“As the company sits on the cusp of its next phase of growth, we are thrilled to have found a new owner in Highview that strongly believes in the business and has the tools necessary to take it to the next level.”
Following its acquisition, Highview plans to invest in scaling Randall Farms by expanding its geographic reach and product offering.
Randall Farms will join Highview’s portfolio that includes GS Foods, a family of specialised food service distribution companies including its subsidiaries Gold Star Foods and Good Source Solutions.
Steve Russell, senior portfolio manager of Highview Capital, added: “We have long admired the Randall business and its rich, customer-centric heritage. This is clearly a special company, and we look forward to working with Randall’s leadership to invest in the business for the future while honouring its outstanding legacy.”
© FoodBev Media Ltd 2021
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