US based company Atlas Holdings, owner of manufacturing and distribution businesses operating in various sectors, has announced the completion of the acquisition of Foster Farms, a producer of fresh and frozen poultry based in California.
According to sources, Foster Farms has a history of being one of the leading brands in fresh chicken products in the west and has facilities in several US states. After the acquisition, Foster Farms will continue to operate under the Foster Farms name.
Donnie Smith CEO of Foster Farms commented: “I’ve long been an admirer of the Foster Family and the business they’ve built over the past eight decades. In this new era, we will maintain and further that legacy, rooted in animal welfare, superior product quality, customer service and community engagement”.
The financial terms of the deal were not disclosed.
Sources: Atlas Holdings