Swift Prepared Foods, a subsidiary of JBS SA, has agreed to purchase a regional producer of processed meats for $90 million.
Sunnyvalley Smoked Meats produces a variety of smoked bacon, ham and turkey products for retail and wholesale customers under its own brand. The purchase includes one production facility in Manteca, Calif. Sunnyvalley’s gross revenues are $150 million annually.
The company employs more than 300 team members. Its founder, Bill Andreetta, will continue to lead the business as part of the Swift Prepared Foods team.
“I am extremely proud of everything Sunnyvalley has accomplished and excited about joining one of the world’s leading food companies,” Andreetta said in a statement. “We will continue to operate as usual with a focus on quality and service for our customers, as we work to grow our business. With the support of Swift Prepared Foods, the future looks very bright.”