Monday, April 27, 2015
Cincinnati, OH – AdvancePierre Foods (“AdvancePierre”), a leading supplier of value-added protein and sandwich solutions to foodservice, retail and convenience channels, today announced that it has completed the acquisition of the manufacturing assets of Better Bakery, LLC (“Better Bakery”), a Valencia, Calif.-based manufacturer of premium stuffed sandwiches. Production is being relocated to AdvancePierre’s sandwich manufacturing operation in Caseyville, Ill.
The addition of Better Bakery’s premium, handcrafted stuffed sandwiches expands AdvancePierre’s ready-to-eat sandwich platform and enables new distribution and market penetration with premium and natural food customers.
Funds managed by Oaktree Capital Management, L.P. are AdvancePierre’s majority shareholder. Financial terms of the transaction were not disclosed.