Closing of the transaction is expected to take place during the first quarter of 2017, subject to approval by the New Zealand Overseas Investment Office.
Mountain States Rosen accepted a rare opportunity to purchase JBS USA’s Greeley, Colo., lamb-processing facility — a move that improves its story of vertical integration and gives it the flexibility to expand its distribution and advance lamb further into the specialty-protein market.
Where lamb processing is concerned, the team at Mountain States Rosen (MSR) believed it needed to put itself in a better position to take care of its cooperative producer members and deliver lamb product to its customers.
In recent years, Hormel Foods has been on the prowl, busy acquiring companies and products as the economic headwinds have eased and sparked growth in the M&A space.
Schaefer Ventilation Equipment, manufacturer of ventilation and thermal comfort products, has been acquired by Pinnacle Products International, Inc., the world leader in portable heating and ventilation equipment.
In recent years, livestock producers, family farms and Attorneys General offices in the dominant agricultural states have been alarmed with the aggressive pursuit of the U.S. meat packers by foreign investors.