AdvancePierre Foods, Cincinnati, on Jan. 20 announced an agreement to acquire the wholesale and manufacturing operations of Landshire Inc., a Caseyville, Ill.-based manufacturer of sandwich products.
AdvancePierre will take ownership of Landshire’s sandwich manufacturing operations, which produce more than 80 frozen, fully cooked products and feature a wide variety of sandwiches including patties, subs, wedges, breakfast offerings and specialty items. The products have a significant presence in foodservice, retail and convenience channels.
The Trover family will retain its direct store delivery distribution network of more than 100 routes in 23 states – which will be known as Landshire Distribution after the acquisition closes – and has entered into a mutually beneficial distribution agreement with AdvancePierre.
The acquisition brings a new set of premium products to the AdvancePierre portfolio that will complement its product offerings and align with the channels it serves. Landshire’s facilities will provide AdvancePierre with additional capacity for increased sandwich and bakery production. An industry leader in sandwich production, AdvancePierre currently produces approximately 2 million sandwiches a day. The addition of Landshire is expected to comprise more than 10 percent of AdvancePierre’s sandwich sales in 2015.
Landshire’s Caseyville, Ill., manufacturing facility will become part of the AdvancePierre family of operating facilities. AdvancePierre expects the transaction to close during the first quarter of 2015. Financial details of the transaction were not disclosed.
