Acquisition of Quik-to-Fix Foods, Inc. from Smithfield Foods, Inc. (NYSE:SFD)
Food - Foodservice
Advance Food Company, Inc., a leading manufacturer of value-added, center-of-the-plate meat products for the foodservice industry, acquired the Quik-to-Fix product lines from Smithfield Foods, Inc. (NYSE: SFD). The Quik-to-Fix product lines are manufactured at two facilities in Texas and include value-added, fully-cooked and ready-to-cook beef, pork and poultry products under the Quik-to-Fix®, Chomps®, HealthFULLS, Philly Freedom® and Gorges® brand names.
"GKB's specialized knowledge of the protein industry and their familiarity with the activities of key players, such as Smithfield Foods, allowed them to identify and introduce the Quik-to-Fix opportunity to us. Through a deep understanding of the issues and concerns of both parties, George K. Baum was key to structuring a transaction that allowed Advance Food Company to successfully complete the transaction and further our efforts at becoming the unconditional leader in our product categories."
President and Chief Executive Officer Advance Food Company, Inc.