United Premium Foods purchases Amboy Group out of bankruptcy
Amboy Group’s 110,000-square-foot facility is USDA, FDA and SQF 2000 Level 2-certified, and includes a fully automated temperature-controlled space that uses advanced, computer-controlled automated storage and retrieval systems and EMS storage technologies.
United Premium Foods (UPF), a Woodbridge, N.J.-based private investment group, purchased the Amboy Group, a Woodbridge, N.J.-based provider of quality meat and food products, out of bankruptcy. The acquisition also includes Amboy Woodbridge Realty, UPF’s cold storage business.
“The acquisitions include a state-of-the-art meat processing and cold storage facility, as well as an extremely strong and loyal customer base,” says Jim Kwon, chairman and acting CEO, UPF. “We are confident that with additional working capital, supplemental management and a new operating team, we can improve operating efficiencies while growing the company’s market share and reach. This investment is affirmation of our belief in the strong fundamentals of the business and our confidence in the upside potential of this company.”