McLane Co. entered into an agreement to acquire Meadowbrook Meat, a foodservice distributor for national restaurant chains.
McLane Co., Inc., a Temple, Texas-based subsidiary of Berkshire Hathaway, entered into an agreement to acquire Meadowbrook Meat Co. (MBM), a Rocky Mount, N.C., foodservice distributor for national restaurant chains. The acquisition is subject to customary closing conditions, including the termination of the applicable waiting period under the Hart-Scott-Rodino Act.
MBM will continue to be run in the same manner as it has been for the past 65 years, led by the current executive management team and operating out of its existing facilities in the same markets. The only change to MBM’s business will be new access to enhanced resources, operational best practices and intellectual capital that will provide significant upside and opportunity for increased levels of success for MBM, McLane and the customers both companies serve.
This acquisition is based on McLane’s strategy of expanding its portfolio of companies in the food and beverage industries.
“The Wordsworth family has built one of the finest and most highly respected companies in our industry, and we look forward to providing Jerry Wordsworth and his team our full support to continue MBM’s leadership in the market, while positioning ourselves for further growth," says Grady Rosier, chief executive officer. “We are excited to become part of the McLane and Berkshire Hathaway family, which provides an extraordinary base to continue to serve our wonderful customers and expand our business.”
Supply Chain Services Leader Acquires Meadowbrook Meat Co.
August 1, 2012