Swift Prepared Foods, a subsidiary of global meat firm JBS, has reached an agreement to acquire Sunnyvalley Smoked Meats for $90 million.
Founded in 1990, Sunnyvalley Smoked Meats is a producer of smoked bacon, ham, and turkey products with gross revenues of $150 million annually. The company’s operates a production facility employing over 300 people.
Swift Prepared Foods was acquired by JBS USA in 2017 and currently operates seven production facilities.
“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,” said Tom Lopez, president and chief operating officer, Swift Prepared Foods. “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”.
Source: Swift Prepared Foodsd (via GlobeNewswire)