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Smithfield Foods, the leading US pork producer, has announced that it has reached a deal to acquire Kansas City Sausage Company, a contract manufacturer of sausages for private label clients.
The move follows a 50:50 joint venture signed between the two companies in 2013.
Kansas City Sausage Company has operations in Des Moines, IA and Kansas City, MO. In Des Moines, the company produces raw materials for sausage, as well as value-added products including boneless hams. Meanwhile, the firm’s Kansas City plant is described as the newest and most modern sausage processing facility in the US.
Commenting on the deal, Smithfield Foods president and CEO Kenneth M Sullivan said: “This latest acquisition will build on the success of our growing packaged meats business and brands. It simultaneously enhances our vertically integrated supply chain, further harmonizing our live production and processing capabilities. With this transaction, we will strengthen our focus on branded pre-rigor pork products and leverage Smithfield’s expansive sales and distribution network to bring these premium offerings to more consumers”.
Source: Smithfield Foods
