JBS USA subsidiary Swift Prepared Foods has struck a deal to purchase California-based protein products Sunnyvalley Smoked Meats Inc. for $90 million, a company release announced Friday. The transaction will include a production plant in Manteca, CA and the Sunnyvalley brand of packaged food products.
“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,” Tom Lopez, president and chief operating officer of Swift, said in a statement. “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.”
Sunnyvalley, formed in 1990, supplies bacon, ham, and turkey products for retail sale and wholesale customers. The firm brings in $150 million in gross revenue each year and employs over 300 workers.
“I am extremely proud of everything Sunnyvalley has accomplished and excited about joining one of the world’s leading food companies,” said Sunnvalley’s president, Bill Andreetta, in the release. “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 bright.”
Powder & Bulk Solids reported in May that Swift opened a new $68 million bacon plant in Moberly, MO. The location produces ready-to-eat bacon for customers across the Midwest.