Indiana Packers Corporation Announces Agreement to Acquire Specialty Foods Group, LLC
Delphi, IN—Indiana Packers Corporation (IPC), makers of INDIANA KITCHEN® premium pork products, today announced it has entered into a definitive agreement and plan to acquire Specialty Foods Group, LLC (SFG) headquartered in Owensboro, Kentucky. SFG is most recognized as the manufacturer and distributor of KENTUCKY LEGEND® premium boneless hams, the leading boneless ham brand in grocery retail across the United States. The acquisition agreement is subject to regulatory approval, approval of the equity holders of SFG, and certain other closing conditions. The sale is expected to close in the third quarter of 2018.
The acquisition will strengthen IPC’s foundation for growth and positions it to leverage valuable synergies relating to raw material utilization, manufacturing and sales and marketing capabilities. IPC is headquartered in Delphi, Indiana, and also operates pork processing facilities in Holland, Michigan, and Frankfort, Indiana. IPC is committed to being a good corporate citizen where it operates, and intends to continue SFG’s legacy of giving back to the community of Owensboro, Kentucky.
“We’re looking for ways to grow our business and adding SFG is strategically on-point,” said Russ Yearwood, President and Chief Operating Officer of Indiana Packers Corporation. “They’re a company with successful brands, outstanding people and smart business strategies. This acquisition will improve our position in a very competitive global protein market.”
About Indiana Packers Corporation: Indiana Packers Corporation (IPC) is a fully integrated pork processor headquartered in Delphi, Indiana. Sourcing from nearby farms, IPC manufactures and distributes a variety of products such as fresh pork, bacon and premium processed hams, under their INDIANA KITCHEN® brand and private-label brands. These products are sold to a broad customer base in the retail and foodservice sectors, and distributors across the country. IPC distributes its fresh pork and INDIANA KITCHEN® premium products to more than 25 countries worldwide. For more information, visit www.IndianaPackersCorp.com or www.IndianaKitchen.com.
About Specialty Foods Group, LLC: Specialty Foods Group (SFG) is an independent producer and marketer of premium branded and private-label processed meat products in the United States. SFG sells a wide variety of products, such as franks, hams, turkey, bacon, luncheon meats and delicatessen meats. These products are sold to a diverse customer base in the retail and foodservice sectors. SFG sells products under a number of leading national and regional brands, such as KENTUCKY LEGEND®, FIELD®, FISCHER’S®, ARTISAN CRAFTED SERIES®, MICKELBERRY’S®, KENTUCKY GOLD® and SCOTT PETE®, as well as private-label brands.
For more information, contact Stephanie Bossung, Vice President of Account Services at NewPoint Marketing, on behalf of Indiana Packers at 765-337-4793 or via e-mail at email@example.com.