US: Indiana Packers acquires private-label meat firm
Indiana Packers Corp has acquired a private label meat firm
US meat processor Indiana Packers has announced the acquisition of private label ready-to-eat meats firm Quincy Street for an undisclosed sum.
Michigan-based Quincy Street manufactures products including dinner hams, spiral sliced hams, breakfast sausages, deli meats, speciality toppings and cooked boneless pork loins.
Until now, Indiana Packers has been the key supplier of pork products sold to Quincy Street.
"The acquisition of a value-added customer will strengthen IPC's business and better enable IPC to weather the cyclical nature of the fresh pork business," IPC said.
On July 1, 2014, Indiana Packers Corporation (IPC) purchased Quincy Street, Inc. located in Holland Michigan along the eastern shore of Lake Michigan.
-Quincy Street manufactures and markets a range of ready, to eat (RTE) meats and meat products nationwide, including Dinner Hams, Spiral Sliced Hams, Breakfast Sausages, Deli Meats, Specialty Toppings and Cooked Boneless Pork Loins.
-IPC has maintained a long-term beneficial relationship with Quincy Street. IPC has been the top supplier of pork products sold to Quincy Street. The acquisition of a value-added customer will strengthen IPC’s business and better enable IPC to weather the cyclical nature of the fresh pork business.
-Quincy Street has seen great success as a private label manufacturer. The Company’s targeted market segments include Foodservice, Retail and Industrial. The Industrial segment includes the sale of products to other food processors as ingredients.
-Quincy Street and its workforce exhibit extreme dedication to food safety and sanitation. Quincy Street’s operations are Safe Quality Food Institute (“SQF”) Level 3 certified.
-Quincy Street is highly knowledgeable in formulating products to customers’ exact specifications and specializes in seizing business opportunities where it can add value. It services large national and regional accounts throughout the country.
-Quincy Street’s equipment is highly automated and easily monitored, providing utmost control of the Company’s production.
Original source: Indiana Packers Corp
- 10 things to learn: Campbell's plans for growth
- On the money: Unilever aims to get food growing
- Mead Johnson wrestles "irrational" Chinese market
- Campbell Soup Co.'s M&A plans should avoid fresh
- Interview: Flapjacked looks to ride protein wave
- Hain Celestial buys plant-based food firm Mona
- UPDATE: Danone merges Dumex with Mengniu
- Danone eyes "return to growth" in fresh dairy
- Unilever sees growth in food, refreshments
- Nestle replaces India MD after Maggi scandal