Swift Prepared Foods Agrees to Purchase Sunnyvalley Smoked Meats, Inc.

Swift Prepared Foods Agrees to Purchase Sunnyvalley Smoked Meats, Inc.

JBS USA Subsidiary to Purchase California-based Entity for $90 Million

GREELEY, Colo., Oct. 15, 2021 (GLOBE NEWSWIRE) — Swift Prepared Foods, a consumer packaged goods company and subsidiary of JBS USA, a global food company, today announced it 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 quality 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. Visit swiftpreparedfoods.com to learn more.

The transaction is subject to customary closing conditions.

ABOUT JBS USA
JBS USA is a leading global food company providing diversified, high-quality food products for sale to customers in approximately 100 countries on six continents. This includes meat and poultry products, a portfolio of recognized brands and innovative premium foods. Visit jbsfoodsgroup.com.

Media Contact:
Nikki Richardson
Corporate Communications
nikki.richardson@jbssa.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.