Private equity firm Highview Capital has acquired US meatpacker Jobbers Meat Packing Co, which does business as Wilmar, for an undisclosed sum.
Highview plans to merge Wilmar with its portfolio company Randall Foods – which it acquired last year – to create a leading protein provider in the US.
Founded in 1978, Wilmar is a processor and packager of meat products, including ground beef, and speciality and portion-controlled products, for grocery retailers, foodservice providers and wholesale distributors.
Meanwhile, Randall Foods provides processed and value-added case-ready meats to grocery customers. These include a variety of fresh prepared meals and marinated, ready-to-cook offerings.
Marty Evanson, founder and CEO of Wilmar, commented: “I founded Wilmar as a local meat provider to fill an unmet need in the market. I’m proud of our team’s hard work and dedication as we’ve grown into one of the region’s leading protein providers and become a primary partner of choice for customers looking for great service and quality in their ground beef.”
Evanson continued: “Our team is extremely excited about the merger and pleased that Randall Foods has the same business ethics and focus on putting our customers and employees first”.
Following the closing of the acquisition, Evanson plans to retire. Financial terms of the deal have not been disclosed.
© FoodBev Media Ltd 2022
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