IGSM Group Inc. announced its first acquisition, Old World Sausage Factory, a manufacturer of meat products since 1954. The company will operate as a wholly subsidiary of IGSM. This is inline with IGSM's recent announcement and corporate restructuring as a holding company.
The President of Old World Sausage Factory, Steven Chase, stated, "I have been an investor in IGSM for over a year and have come to know the management and their capabilities. I am confident in their ability to help bring the Old World Sausage Factory name and products to a national audience. I have been in the Food & Beverage industry for 25 years, but actually I was born into it. My grandfather, Leonard Pines, the former president of Hebrew National, was my idol. He and his father took a fledgling business and turned it into a national brand. I grew up learning the food business from one of the industry legends."