Food & Beverage M&A » By The Online Investor Staff, updated Wed., Aug. 5, 2:39 PM
Recent mergers and acquisitions in the Food & Beverage M&A category.
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Slide #46. The Hillshire Brands Company — Golden Island Jerky Brand
Acquirer:
The Hillshire Brands Company (HSH)
Acquiree:
Golden Island Jerky Brand
Details:
The Hillshire Brands Company (NYSE:HSH) today announced it has signed an agreement to acquire the maker of Golden Island jerky products, a leader in the gourmet jerky category. Terms were not disclosed, and the transaction is expected to close by the end of September 2013, pending closing conditions.
Hillshire Brands is a manufacturer and marketer of brand name food products. Co. is a provider of meat-centric food products for the retail and foodservice markets. Co.'s portfolio includes brands such as Jimmy Dean, Ball Park, Hillshire Farm, State Fair, Sara Lee frozen bakery and Chef Pierre pies, as well as brands Aidells and Gallo Salame. Co.'s operations are organized around two business segments: Retail and Foodservice/Other. Co.'s Retail segment sells a variety of packaged meat and frozen bakery products to retail customers in North America. Co.'s Foodservice/Other segment sells a variety of meat and bakery products to foodservice customers in North America.
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Avg. Broker Rec.
 
|
Hold (2.40 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |
