Swift Prepared Foods, a consumer packaged goods company and subsidiary of JBS USA, has reached an agreement to acquire California-based Sunnyvalley Smoked Meats for $90 million. The purchase includes one production facility in Manteca, Calif., which employs more than 300 team members. The transaction is subject to customary closing conditions.
Founded in 1990, Sunnyvalley Smoked Meats produces a variety of quality smoked bacon, ham, and turkey products for sale to retail and wholesale customers under the Sunnyvalley brand. Bill Andreetta, president and founder of Sunnyvalley Smoked Meats, will continue to lead the business as part of the Swift Prepared Foods team.
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“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,” says Tom Lopez, president and chief operating officer, Swift Prepared Foods. “Sunnyvalley Smoked Meats makes delicious food products, and 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.”
“I am extremely proud of everything Sunnyvalley has accomplished and excited about joining one of the world’s leading food companies,” adds Bill Andreetta. “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.