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American City Business Journals
Colorado-based JBS subsidiary to buy California smoked meats company for $90 million
A prepared foods subsidiary of Greeley-based JBS USA is acquiring a California smoked meats business for $90 million. Swift Prepared Foods, a consumer-packaged goods business of meatpacker JBS, on Friday revealed it has reached a deal to acquire Sunnyvalley Smoked Meats, Inc. The company employs 300 people and has a facility in Manteca, California, a staff and production site that will become part of Swift Prepared Foods. “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 COO of Swift Prepared Foods, in a press release.
