Terms were not disclosed and the transaction is expected to close by the end of September 2013, pending closing conditions.
“We are excited to add Golden Island to our strong portfolio of brands, as it provides an entry point into the attractive dried meat snacks category,” said Sean Connolly, president and CEO, The Hillshire Brands Company. “This highly appealing category generates retail sales of more than $2bn annually and has had 10% volume growth over the past two years.”
Golden Island will become part of Hillshire Brands’ Gourmet Food Group, pairing with high-end brands such as Aidells and Gallo.
Source: Hillshire Brands
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