Randall Farms, a US meat business, has been acquired by local private-equity firm Highview Capital for an undisclosed sum.
Highview purchased the Vernon, California-based company from the family of Stan Bloom, whose father Sid founded the business.
The parties said they want to enhance Randall Farms’ product offering and scale the business further.
Randall Farms provides processed and value-added meats, including prepared meals and marinated, ready-to-cook offerings. It mainly services retailers based in California, the Pacific north-west, Arizona, Texas, Nevada and New Mexico.
Bloom said: “My family founded Randall Farms in 1952 as a small poultry farm raising chickens to sell to local supermarkets. I’m so proud of all of our team’s hard work and how far we’ve come to become an established partner of choice to grocery stores looking for affordable, value-added protein offerings.”
He added: “We are thrilled to have found a new owner in Highview that strongly believes in the business and has the tools necessary to take it to the next level.”
Steve Russell, senior portfolio manager of Los Angeles-based Highview Capital, said: “We have long admired the Randall business and its rich, customer-centric heritage.
“The company has deftly navigated the on-going pandemic, continuing to deliver excellent customer service while keeping its employee base safe. This is clearly a special company, and we look forward to working with Randall’s leadership to invest in the business for the future while honouring its outstanding legacy.”
Highview Capital already has food sector businesses in its portfolio. It owns foodservice supplier GS Foods, which last month acquired fresh foods business Fresno Produce.