Atlas Holding diversifies portfolio with acquisition of iconic poultry company Foster Farms

US – Atlas Holdings, a private equity and investment holding company, has announced the acquisition of the West Coast icon of chicken and turkey processing, Foster Farms, for an undisclosed amount.

The company will retain the Foster Farms brand and hire Donnie Smith, former chief executive officer at Tyson Foods, as its CEO.

Smith said: “I have long been an admirer of the Foster Family and the business they’ve built over the past eight decades. In this new era, we will maintain and further that legacy, rooted in animal welfare, superior product quality, customer service, and community engagement.”

Foster Farms has employed 12,000 workers and operates processing facilities in California, Washington, Louisiana, Oregon, and Alabama.

The company with US$3 billion in annual revenues is the 10^th largest US chicken producer by pounds produced, according to meat industry publication Watt poultry ISA.

Standard Meat snaps up Syracuse Sausage Company

 Meanwhile, Standard Meat Company, a multi-generational protein packaging and portioning company has also acquired Syracuse Sausage company to bolster its product portfolio in the market.

Additionally, Standard Meat views the acquisition as a door opener for new sales opportunities with current and target customers considering Syracuse’s capabilities and product offerings dovetail beautifully with its current operations.

The leaders of Standard Meat noted that in addition to great products, Syracuse Sausage brings with it an amazing team of employees.

Tapped to lead the new division is food industry veteran Chris Horan, who began his food career in 1986 as a sales representative for Campbell’s Soup Company in Florida.

Since then, Horan has worked for numerous food industry leaders, including HJ Heinz, Henri’s Foods, CTI Foods, and Classic Foods.

Before the Syracuse acquisition, Chris was a consultant to both Standard Meat and Syracuse Sausage. His knowledge of our industry and our companies makes him the perfect choice to lead this new division of Standard Meat, Ashli Rosenthal Blumenfeld, Standard Meat co-president said.

The pioneer in steak cutting added that it will continue to carry out its 40-year legacy as we integrate the business into Standard Meat, ensuring both companies continue their focus as one united organization.

Liked this article? Subscribe to Food Business Africa News, our regular email newsletters with the latest news insights from Africa and the World’s food and agro-industry. SUBSCRIBE HERE.