Sunday, November 28, 2021

Swift Prepared Foods snaps up Sunnyvalley Smoked Meats for $90m

Swift Prepared Foods, a consumer packaged goods company and subsidiary of JBS USA, a global food company, has reached an agreement to acquire California-based Sunnyvalley Smoked Meats, Inc., for $90 million.

Founded in 1990, Sunnyvalley Smoked Meats produces a variety of smoked bacon, ham and turkey products for sale to retail and wholesale customers under the Sunnyvalley brand. The purchase includes one production facility in Manteca, Calif., and the company employs more than 300 team members. Sunnyvalley’s gross revenues are $150 million annually.

“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.”

Bill Andreetta, president and founder of Sunnyvalley Smoked Meats, will continue to lead the business as part of the Swift Prepared Foods team.

“I am extremely proud of everything Sunnyvalley has accomplished and excited about joining one of the world’s leading food companies,” said Bill Andreetta, president, Sunnyvalley Smoked Meats.

“We will continue to operate as usual with a focus on quality and service for our customers, as we work to grow our business. With the support of Swift Prepared Foods, the future looks very bright.”

Swift Prepared Foods currently operates seven production facilities in Booneville, Miss., Elkhart, Ind., Council Bluffs, Iowa, Ottumwa, Iowa, and Swanton, Vt. Its newest ready-to-eat bacon facility opened in May 2021 in Moberly, Mo. Construction is also currently underway on a greenfield Italian meats production facility in Columbia, Mo.

The company was acquired by JBS USA in 2017 and has experienced significant growth since acquisition.

The transaction is subject to customary closing conditions.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.
















Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close