FDBusiness.com

Cargill acquires soups, sauces and protein company

 Breaking News
  • HKScan Strengthens its Meals Offering With Investment in Estonia HKScan, the leading Nordic food company, plans to invest in its Rakvere unit in Estonia. The €8 million investment will go towards modernising the unit’s frying department, including the expansion of the building and the installation of new cooking and packaging lines enabling implementation of new technologies and packaging solutions. Construction is to commence in [...]...
  • Food and Drink is at the Heart of the UK’s Largest Packaging Show Packaging Innovations, Empack and Label&Print returns to Birmingham’s NEC on 28 February-1 March 2018, and is set to be the most innovative show to date. With over 290 exhibitors already signed up, the UK’s largest annual event for the entire packaging supply chain will feature the latest industry innovations and technologies, alongside a major free-to-attend [...]...
  • AGRO Merchants Group Acquires Grocontinental AGRO Merchants Group, a global leader in cold storage and logistics solutions, announced today the acquisition of UK-based Grocontinental Limited. This transaction reinforces AGRO’s position as the leading cold storage and logistics provider in the United Kingdom and Ireland, deepens its commodity expertise, and substantially enhances its value-added service offerings for customers. David Grocott and Linda Grocott, third generation owners of [...]...
  • Trade Fair and More – The Event and Congress Programme For Anuga FoodTec 2018 Resource efficiency will be the primary focus of Anuga FoodTec 2018, the leading international supplier fair for the food and beverage industry, which will be held in Cologne, Germany from 20 to 23 March 2018. Around 1,700 suppliers from more than 50 countries will be presenting their new products for the production and packing of [...]...
  • TINE to Invest €77 Million in New Jarlsberg Plant in Ireland TINE, Norway’s largest farmer-owned dairy co-operative, is to invest €77 million in a dairy with the capacity to produce 20,000 tonnes of Jarlsberg cheese a year. The goal is to secure and strengthen Jarlsberg sales outside of Norway as export supports are phased out in 2020. This will make export of Jarlsberg from Norway unprofitable. “Jarlsberg [...]...

Cargill acquires soups, sauces and protein company

May 31
17:08 2016

CargillCargill has signed an agreement to acquire Five Star Custom Foods, a Texas-based specialist in cooked protein products and custom-prepared soups and sauces for the foodservice and food processing sectors.

The acquisition includes both of Five Star Custom Foods’ facilities in Fort Worth, Texas and Nashville, Tennessee. The incorporation of the company into Cargill’s portfolio will enhance the company’s existing cooked protein capabilities, optimise supply chain efficiencies and provide further scope for innovation, Cargill said.

The ingredients company will assume responsibility for Five Star Custom Foods’ 385 staff.

Financial terms of the deal, which is expected to be finalised this summer, were not publicly disclosed.

“We’re thrilled with the opportunity to add Five Star Custom Foods to the Cargill family because it has a record of proven success producing high-quality, value-added, customised products that delight its customers,” said Brian Sikes, corporate vice-president of Cargill’s protein businesses. “We are acquiring an excellent company with talented people who do an outstanding job delivering a five star experience to their customers, helping them to succeed and grow.

“Adding Five Star Custom Foods to Cargill’s protein business will provide us with new capabilities we currently do not have, while allowing us to be more nimble in our ability to meet the ever-changing needs of our customers and consumers in today’s fast-paced marketplace.

“We will also learn from the proven success of the Five Star Custom Foods team, which will allow us to enhance our own portfolio as we continue to grow our protein business.”

Five Star Custom Foods president and founding partner Jeff Bledsoe said: “Cargill is a company with a rich history and reputation for producing exceptional products. Together, we share a commitment for taking care of employees and nurturing customer relationships. As we look toward the future, we are excited by Cargill’s commitment to excellence and long-term profitable growth. We truly believe this to be a ‘winning’ scenario for everyone involved.”

And John Keating, president of Cargill Meats Solutions Corporation, continued: “We take great pride in our ability to deliver high-quality, safe and nutritious food to people around the world. These two locations in Fort Worth and Nashville fit well with Cargill’s existing US geographic footprint, and we look forward to sharing our vision and passion for protein with the Five Star Custom Foods team.”

The acquisition is the second Fort Worth operation Cargill has purchased in the past four years. In 2012, Cargill purchased a beef grind facility in the area. More recently, Cargill announced its acquisition of a ground beef processing plant in Columbia, South Carolina. Its protein portfolio includes beef, value-added protein, turkey, cooked meats and food distribution businesses, and serves customers around the world.

About Author

admin

admin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • January 8, 2018RAI Exhibition
  • January 16, 2018Sival Plant Production Trade Show
  • January 17, 2018Dutch Organic Trade Fair
  • January 17, 2018Anfas Food Product
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements