HIG Capital Acquires Albertville Quality Foods, Southern Quality Meats
HIG Capital, a private equity investment firm, has acquired Albertville Quality Foods ('AQF') and Southern Quality Meats ('SQM'). Both the companies said that they will provide specialized further processing services for protein-based products.
These companies specialize in poultry and pork based products, and focus on complex, turnaround runs that meet the stringent specifications of its restaurant, foodservice and retail customers. The Alabama facility focuses on outsourced third-party processing, primarily of chicken-based products. The Mississippi plant is a fully-integrated pork sausage processing operation.
Don Haynie, chief executive officer of AQF and SQM, said: We are pleased to work with H.I.G. to leverage their experience growing service-oriented businesses. The recapitalization of our companies allows us to continue growing our customer base and expanding our facilities. This investment supports our industry-leading ability to provide specialized and custom products to our customers with the highest level of quality and service.”
Albertville Quality Foods, headquartered in Albertville, Alabama, and SQM, headquartered in Pontotoc, Mississippi, have provided further processing services for foodservice, restaurant and retail customers. Products such as breaded chicken tenders, boneless wings, sausage patties, and many others, are custom produced at the two facilities.
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