Cargill acquires ProPortion Foods | 2021-01-27
WICHITA, KAN. – Cargill has acquired ProPortion Food items, a Los Angeles-based mostly processor of totally cooked beef, pork and poultry products and solutions for shoppers in the foodservice and retail segments. Financial terms of the acquisition ended up not disclosed.
Started in 2019, the business operates two processing vegetation that are incorporated in the obtain – one particular in Vernon, Calif., and the other in Round Rock, Texas. The offer closed in December 2020 and is the subsequent action in Cargill’s endeavours to provide a lot more benefit-added solutions to its portfolio, the corporation stated.
Rob Stewart, managing director for progress ventures in Cargill’s North American protein organization, said the two plants generate ready-to-cook dinner and ready-to-take in goods in single serving and family members dimension portions for regional and national restaurant chains, like quick-assistance dining establishments and casual eating ideas.
“We are investing in our upcoming and glance ahead to increasing the Cargill staff and our existence in the southern and western US though continuing to establish our consumer portfolio,” Mr. Stewart stated.
Brian Levy, co-founder of ProPortion Foods, said he and the other a few founders of ProPortion are proud of their dedication and tricky get the job done to make the prosperous business.
“We’re delighted that the organization and our workers will have the possibility to expand with Cargill, finishing the vision we set out to attain,” Mr. Levy reported.
