West Liberty Foods, LLC, a leading turkey producer, co-packer, private-label manufacturer and foodservice supplier of sliced deli meats and frozen meat products, has closed on the purchase of nearly all of the assets of Quantum Foods. The deal, announced on June 23 by West Liberty Foods, was valued at $12.7 billion.
Quantum Foods, a producer of value-added fully cooked poultry, pork and beef products, in February filed for Chapter 11 bankruptcy protection. It had previously shut down its plant in Bolingbrook, Illinois, but West Liberty Foods hopes to be able to resume operations at the Bolingbrook plant within the next 30 days, according to a press release issued by the company.
“This is an exciting step forward for West Liberty Foods,” said Ed Garrett, president and CEO for West Liberty Foods. “This acquisition will enhance our offerings and benefit our customers, employees, and owners. In addition, we will be able to bring back jobs lost when Quantum Foods shut down its business.”
West Liberty Foods has three other locations in West Liberty, Iowa, Mount Pleasant, Iowa and Tremonton, Utah, which recently underwent a $13 million expansion. The company is headquartered in West Liberty.