American Foods to acquire some Double D assets
Feb. 8, 2011
by Keith Nunes
GREEN BAY, WIS. — American Foods Group L.L.C. has signed a letter of intent to acquire certain assets of Double D Foods Inc., Oklahoma City, Okla., including the Double D processing facility in Oklahoma City. Terms of the agreement were not disclosed.
Double D Foods Inc. is a division of Downs Food Group and processes fully cooked chicken, beef, pork and turkey products. The Oklahoma City facility will be renamed and become American Prepared Foods L.L.C.
“We are pleased to acquire a facility that expands our product lines into the cooked food and ready-to-eat markets,” said Greg Benedict, American Foods Group president and chief operating officer. “By leveraging American Foods Group’s strong processing, distribution and marketing resources, we will be able to develop quality convenience foods and better serve our customers. We look forward to a smooth transition with no interruption of production at the Oklahoma City plant.”
The transaction is expected to close in late February or early March.