American Foods to acquire Double D facility, assets
Feb. 8, 2011
by Meat&Poultry Staff
GREEN BAY, Wis. – American Foods Group LLC has signed a definitive purchase agreement and intends to acquire certain assets of Double D Foods Inc. of Oklahoma City, Okla. The Oklahoma City facility will be renamed and become American Prepared Foods LLC.
“We are pleased to acquire a facility that expands our product lines into the cooked food and ready-to-eat markets,” said Greg Benedict, American Foods Group president and COO. “By leveraging American Foods Group’s strong processing, distribution and marketing resources, we will be able to develop quality convenience foods and better serve our customers. We look forward to a smooth transition with no interruption of production at the Oklahoma City plant.”
Double D Foods Inc. is a division of Downs Food Group and it produces fully cooked chicken, beef, pork and turkey products.
“The combined resources of Double D Foods and American Foods Group will provide new opportunities for growth and will maximize value to our business partners,” said Mike Downs, president of Downs Food Group. “We have high expectations for our mutual success.”
The closing date for this acquisition is expected to be late February or early March.
American Foods Group LLC is the fifth-largest beef processing company in the US and has more than 4,000 employees. Its brands division has developed products for foodservice, retail and school nutrition programs and they export to more than 38 countries. Manufacturing facilities include five beef slaughtering and processing plants, two ground-beef plants and two case-ready processing plants located in six states.