JBS-owned Swift Prepared Foods, a packaged goods company, has announced its acquisition of Sunnyvalley Smoked Meats for $90 million.
Based in California, Sunnyvalley Smoked Meats manufactures smoked bacon, ham and turkey for the retail and wholesale sectors.
The acquisition will include one production facility in Manteca, California, and the company’s current team of 300 employees.
Tom Lopez, president and chief operating officer at Swift Prepared Foods, commented: “Today’s announcement is consistent with our company’s long-term strategy to increase our value-added and branded portfolio, and provide even more diverse product offerings to customers and consumers”.
He continued: “Sunnyvalley Smoked Meats makes delicious food products, has an impressive history and a reputation for exceptional quality and service. We look forward to welcoming the dedicated Sunnyvalley team members to Swift Prepared Foods and continuing to grow the brand.”
Swift Prepared Foods currently operates seven production sites throughout the US.
This announcement comes after Swift Prepared Foods opened a $68 million ready-to-eat bacon production plant in Missouri earlier this year.
The latest purchase is subject to customary closing conditions.
© FoodBev Media Ltd 2021
World Beverage Innovation Awards – NOW OPEN FOR ENTRIES!
The awards celebrate excellence and innovation across the global beverage industry.
Don’t miss out on having your innovations recognised on a global scale.
Deadline for entries 23 July – enter now!
Don’t get left behind
Start your free Foodbev magazine trial today and join thousands of fellow industry professionals in receiving food and drink trends direct to our business.
Click here to start your free trial