The Hillshire Brands Company to acquire Golden Island Jerky brand
The Hillshire Brands Co. 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.
"We are excited to add Golden Island to our strong portfolio of brands, as it provides an entry point into the attractive dried meat snacks category," said Sean Connolly, president and CEO, The Hillshire Brands Company. "This highly appealing category generates retail sales of more than $2 billion annually and has had 10 percent volume growth over the past two years."