The acquisition significantly expands the profile and capabilities of Albertville, said the company, which will service a marquee list of foodservice, restaurant and retail customers through its operation of three facilities and eight production lines. As part of the acquisition, Sunrise CEO Joseph Blancato will join Albertville's board.
“This acquisition is the culmination of efforts to establish a leading position in the protein further processing sector," said Richard Stokes of H.I.G. Capital, the global private equity investment firm Albertville is part of. "We are very excited about the growth prospects of the combined company. We have great confidence in the management team running the operations. We intend to continue to actively support the company as it builds on its well-deserved reputation for superior quality and excellent customer service.”