Indiana Packers Corp. Details 'On-Point' Acquisition Agreement

Posted: Updated:
(Image courtesy of Indiana Packers Corp.) (Image courtesy of Indiana Packers Corp.)
DELPHI -

Delphi-based Indiana Packers Corp. has agreed to acquire Specialty Foods Group LLC of Owensboro, Kentucky. The deal still requires regulatory approval and is expected to close in the coming weeks. SFG's parent, Toronto-based Specialty Foods Group Income Fund, says proceeds from the sale are expected to total up to $27 million.

In addition to its Delphi headquarters, IPC has pork processing facilities in Frankfort and Michigan. President Russ Yearwood says "we're looking for ways to grow our business and adding SFG is strategically on-point. They're a company with successful brands, outstanding people and smart business strategies. This acquisition will improve our position in a very competitive global protein market."

The Greater Owensboro Economic Development Corp. says SFG employs some 600 in the northeast Kentucky city. It produces hot dogs, hams, bacon and deli meats under brands including Field, Kentucky Legend, Kentuckian Gold, Fischer's, Mickelberry's and Scott Pete. SFG is also a private label pork product maker and its heritage dates back more than 100 years.

  • Perspectives

    • Is Your Physician Experiencing Burnout?

      All professions experience varying degrees of burnout. Physicians and health professionals, who may treat symptoms of burnout in their patients, are not immune to job burnout and depression. In its latest revision of the International Classification of Diseases, the World Health Organization has officially classified workplace burnout as an occupational phenomenon. According to the Mayo Clinic, job burnout is a special type of work-related stress - a state of physical or emotional...

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • NSWC Crane is located within Naval Support Activity Crane, one of the largest naval bases in the U.S.

      Military Contract Work To Be Done in Indiana

      Virginia-based Science Applications International Corp. has been awarded a nearly $42 million military contract for work on gun and guided missile systems. The overhaul and repair of  antenna systems for the U.S. Navy will be performed at SAIC locations in Bedford, Crane and Springville, Indiana.

    • Photo of Gary City Hall courtesy of the City of Gary

      Gary to Hold Job Fair for Residents

      The city of Gary and the Gary Re-Entry Coalition are partnering to hold a job fair for Gary residents on Wednesday. City officials expect more than 39 employers to participate in the job fair. The annual event will run from 10 a.m. to 3 p.m. at the Gary SouthShore RailCats Stadium.

    • The University of Notre Dame is one of the Indiana representatives on the list. (photo courtesy University of Notre Dame)

      Hoosier Companies Among 'Best Places to Work in IT'

      Three Indiana organizations are included in Computerworld's 2019 list of the 100 Best Places to Work in IT. The ranking, which splits the companies among large, medium, and small organizations, is based on company and employee surveys, as well as factors such as benefits, career development and retention.

    • (photo courtesy of Hopebridge)

      Demand Drives Hopebridge Expansions

      Indianapolis-based Hopebridge LLC is continuing its growth efforts in Indiana. The behavioral health services provider has announced plans to expand with two locations in Fishers and Columbus, which are expected to open this summer and create more than 110 jobs. The new locations will bring the company's pediatric autism therapy network in Indiana to 17, with more than 20 additional locations in Ohio, Kentucky and Georgia. In an interview with Inside INdiana Business...

    • (photo courtesy of Indiana University)

      IU Board Approves New Degrees, Renovation Projects

      The Indiana University Board of Trustees has approved six new graduate degrees and one new undergraduate degree across seven campuses, as well as renovation projects at the university’s South Bend and Bloomington campuses. The degrees approved by the trustees are pending final approval by the Indiana Commission for Higher Education.