JBS-owned prepared foods company Swift expands portfolio with acquisition of Sunnyvalley Smoked Meats

USA —  Swift Prepared Foods, a subsidiary of Brazil meat processing giant JBS, has reached an agreement to acquire Sunnyvalley Smoked Meats Inc. for US$90 million.  Founded in 1990, Sunnyvalley Smoked Meats produces a variety of quality smoked bacon, ham and turkey products for sale to retail and wholesale customers under the Sunnyvalley brand.    According to a statement from JBS, the acquisition by Swift includes the company’s production facility in Manteca, which employs more than 300 people and has gross annual revenues of US$150 million.  “Today’s announcement is consistent with our company’s long-term strategy to increase our value-added and branded portfolio,…

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