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Prime Meats Seeks Acquisitions After Securing PE Investment

April 26, 2024
Duluth, Ga.-based value-added protein processor plans to continue to expand with added support from Shoreline Equity Partners.

Duluth, Ga.-based protein processor Prime Meats has secured an investment from private equity firm Shoreline Equity Partners LLC, according to a release from Shoreline announcing the partnership. The value of the investment were not disclosed.

Prime Meats was founded in 1992 by Norberto Sanchez and has grown to serve value-added protein products (beef, poultry, pork, dairy, seafood and specialty) to more than 4,200 independent restaurants, grocery stores and butcher shops, focused on Hispanic and traditional markets, across 15 states in the Southeast.

With the investment, Prime Meats plans to continue its growth trajectory and seek acquisition opportunities across the country. Sanchez, who is currently founder and chairman, and the rest of the Prime Meats team will remain at the helm of the company.

Daniel Arcila, CEO at Prime Meats, said in the announcement: “Shoreline’s knowledge and experience in food distribution is second to none and will allow us to meaningfully expand our operations and footprint across the U.S. Shoreline shares our vision for the exciting future of Prime Meats, and we are very grateful for the opportunity to partner with their team.”

About the Author

Andy Hanacek | Senior Editor

Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.

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