Perdue Farms acquires Natural Food Holdings
Perdue Farms has acquired "all-natural" meat processor Niman Ranch and its parent company Natural Food Holdings
Perdue Farms, the US poultry processor, has announced the acquisition of meat brand Niman Ranch and its parent company Natural Food Holdings, from private-equity firm LNK Partners.
Natural Food Holdings is a manufacturer and marketer of "all-natural" fresh and prepared protein products, primarily pork. Under the Niman Ranch brand, the company sells pork, beef, and lamb that is antibiotic free, hormone free, and raised "humanely and sustainably" through a network of US family farms.
Perdue Farms CFO Mark Garth said: "We believe Perdue is the ideal partner to continue the growth of Niman Ranch while also preserving its core brand principles. LNK and the NFH management team have done a terrific job with the brand to date, and we take great pride in being owners of the brand going forward. We are excited to invest in its continued growth for years to come."
LNK originally partnered with Natural Food Holdings' management to recapitalise the company in 2011. The private-equity firm said during its management the Niman Ranch brand "grew rapidly, expanding into new geographic markets, new distribution channels, and new product lines".
Phil Marineau, a partner of LNK, said: "Over the course of our investment, the Niman Ranch brand has nearly doubled, while remaining true to its humane approach and natural practices and supporting more than 700 US family farms. We are proud that LNK was able to support the NFH team in this process."
Terms of the transaction were not disclosed.
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