Gold Creek Foods to acquire Foundation Food Group

Gold Creek Foods, a further processor of chicken products, has announced its intent to purchase Foundation Food Group.

Roy Graber Headshot
(Courtesy Foundation Food Group)
(Courtesy Foundation Food Group)

Gold Creek Foods, a further processor of chicken products, has announced its intent to purchase Foundation Food Group.

Both companies are headquartered in Gainesville, Georgia.

Gold Creek Foods announced the planned transaction on its LinkedIn page late last week. The announcement read: “Gold Creek Foods today announced that it has entered an agreement to acquire substantially all of the assets of Foundation Food Group. Subject to usual and customary due diligence, the transaction is expected to close during the first week of October 2021. Terms of the deal were not disclosed, and further details are not available at this time.”

Foundation Food Group is a relatively new company, which formed within the past year through the merger of Prime Pak Foods and Victory Processing. However, Foundation Food Group has gained a lot of national attention as one of its facilities, the former Prime Pak Foods poultry processing plant, also in Gainesville, was the site of a liquid nitrogen leak on January 28 that led to the deaths of six people, as well as the hospitalization of numerous other workers.

Foundation Food Group faces nearly $600,000 in fines from the Occupational Health and Safety Administration (OSHA) for alleged violations connected to the incident, but the company has appealed the proposed fines.

Originally named Agora Foods, Gold Creek Foods has grown substantially since its formation in 2000.

After operating in a small processing room, the company relocated to Dawsonville, Georgia, where it renovated a former textile mill and converted it into a fully functional poultry processing facility. The company, according to its website, has since continued to expand its presence, purchasing plants from Pilgrim’s Pride, Perdue Farms, Schreiber Foods, John Soules Foods and First Fresh Foods, with the former First Fresh Foods facility becoming Gold Creek Foods’ sixth plant. All six of those locations are in the Gainesville area.

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