Meat+Poultry - July 2022 - 12

BUSINESS NOTES
Atlas Holdings acquires
Foster Farms
Atlas Holdings has acquired Foster Farms,
Fire at JBS
Green Bay
plant contained
quickly
a poultry processor based in Livingston,
Calif., that generates approximately
$3 billion in annual sales. Terms of the
acquisition were not disclosed.
Foster Farms has 13 processing
facilities in California, Washington,
Louisiana, Oregon and Alabama and
employs approximately 10,000. The
company is a processor of commodity and
value-added chicken and turkey.
Donnie Smith, the former chief
executive officer of Tyson Foods Inc.,
Springdale, Ark., has been named chairman
of the board and CEO of Foster Farms.
" I love the poultry industry and am
proud that Atlas has asked me to become
the CEO of Foster Farms, " Smith said. " I've
long been an admirer of the Foster Family
and the business they've built over the past
eight decades.
" In this new era, we will maintain
and further that legacy, rooted in animal
welfare, superior product quality, customer
service and community engagement. "
Smith served as CEO of Tyson Foods
from 2009 to 2016. He worked at Tyson for
36 years.
Atlas has a diversified range of
companies in its portfolio in such
The roof caught on
fire at a JBS USA beef
processing facility in
Green Bay, Wis., in June.
The Green Bay
industries as automotive, business and
industrial services, building materials,
pulp and paper, power generation, metals,
packaging and food. The only other food
business within the private equity firm's
portfolio is Flagstone Foods, Minneapolis,
Minn. Atlas acquired Flagstone from
TreeHouse Foods Inc. in 2019.
" We are thrilled to welcome Foster
Farms to the Atlas Family of great global
businesses, " said Sam Astor, Ed Fletcher
and Mike Sher, partners at Atlas. " We have
a long history of partnering with proud
family-owned companies to honor their
past while driving additional operational,
environmental and financial success for
the next generation. Working closely
with Donnie Smith, the leadership team,
and our dedicated team members, that is
precisely what we intend to do at Foster
Farms. "
metro fire department
responded quickly and
brought the fire under
control in less than 15
minutes, according to
the fire department.
" Crews fought the
fire on the roof and
near an auger that was
thought to be the fire's
origination, " the fire
department said in a
Facebook post. " Staff
on scene had evacuated
all personnel prior to
the Fire Department's
arrival. "
Standard Meat Company makes a deal to
acquire Texas-based Syracuse Sausage
Standard Meat Co. announced on June 7
that it acquired Syracuse Sausage, located
in Ponder, Texas. The two companies
previously partnered almost a decade ago
when they planned to increase production.
Syracuse Sausage was most recently
operated by Bobby and Anthony
Musacchio and founded by their brother
Joe. It served national restaurant chains,
major grocery stores, meal kit companies
and other foodservice firms.
" Our partnership has been incredible, "
said Ben Rosenthal, chief executive
12 MEAT+POULTRY | 07.22 | www.meatpoultry.com
officer and co-president of Standard Meat
Company. " We are honored to continue
to carry out their 40-year legacy as we
integrate the business into Standard Meat,
ensuring both companies continue their
focus as one united organization. "
Standard Meat is a fourth-generation
family meat company run by Ben
Rosenthal and his sister and co-president
Ashli Rosenthal Blumenfeld.
With the acquisition, Standard Meat
also hired Chris Horan to lead the
company's new division.
The fire department
released the building to
JBS later that evening.
The company shared an
update on the situation.
" All team members
were evacuated from
the area, and there
were no injuries. We
are grateful to the first
responders who were
able to quickly contain
and put out the fire, "
said Nikki Richardson,
spokesperson for JBS.
" Though we are still
investigating the cause
of the incident and the
damage, the plant is
open and operational
today (June 8). "
For more news,
visit MEATPOULTRY.com
Foster Farms
http://www.MEATPOULTRY.com http://www.meatpoultry.com
Meat+Poultry - July 2022

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