Oberto Brands announced that it has reached a definitive agreement to sell substantially all of the assets and operating divisions of the company to Premium Brands Holdings. The transaction is expected to close within the next four to six weeks, subject to customary closing conditions, and will enable Oberto to continue growing in the future.
Founded in 1918, Oberto is one of North America's leading manufacturers of beef jerky and other protein-based snack foods and is headquartered in Kent, Washington. The family-owned company employs close to 500 people and has a proud legacy of commitment to the community. Its brands include Oberto, Pacific Gold, Pacific Gold Reserve, Lowrey's and Cattleman's Cut.