Agribusiness and transportation company Seaboard Corporation has announced today that its subsidiary, Seaboard Farms has entered into an agreement to acquire Daily’s, a bacon processor located in the western United States, for $45m.
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The acquisition will include Daily’s two bacon processing plants located in Salt Lake City, Utah and Missoula, Montana. Daily’s produces premium sliced and pre-cooked bacon primarily for food service. This acquisition will continue Seaboard Farms’ expansion of its integrated pork model into value-added products, it said. The acquisition is expected to be completed by early July.
