US sandwich maker AdvancePierre Foods is reportedly being prepared for a sale.
According to Reuters, AdvancePierre’s private-equity owner, Oaktree Capital Management, is meeting with banks to appoint financial advisors to assist with a sale of the company.
Go deeper with GlobalData
The sale could fetch more than US$2bn, according to people familiar with the matter.
Oaktree declined to comment when approached by just-food. AdvancePierre could not be reached for comment at time of press.
Last month, AdvancePierre struck a deal to buy the manufacturing operations of fellow US sandwich firm Landshire.
See Also:
AdvancePierre was created in 2010 through the merger of Pierre Foods, Advance Food Company and Advance Brands.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
