Indiana Packers to acquire Specialty Foods Group
The acquisition positions IPC to leverage synergies relating to raw material utilization.
Indiana Packers Corp. (IPC), Delphi, Ind., announced plans to acquire Specialty Foods Group, LLC (SFG), an Owensboro, Ky.-based manufacturer and distributor of KENTUCKY LEGEND premium boneless hams.
The acquisition positions IPC to leverage synergies relating to raw material utilization, manufacturing and sales and marketing capabilities. IPC also operates pork processing facilities in Holland, Mich., and Frankfort, Ind.
“We’re looking for ways to grow our business, and adding SFG is strategically on-point,” says Russ Yearwood, president and COO of IPC. “They’re a company with successful brands, outstanding people and smart business strategies. This acquisition will improve our position in a very competitive global protein market.”