Sun Capital Partners said Friday that it has completed the sale of Fearman’s Pork to Sofina Foods. Financial terms weren’t announced. Fearman’s operates the largest pork processing plant in Ontario, Canada.
Sun Capital Partners, Inc. (“Sun Capital,”) a leading private investment firm specializing in leveraged buyouts and investments in market-leading companies, today announced that an affiliate completed the sale of Fearman’s Pork, which operates the largest pork processing facility in Ontario, Canada, to Sofina Foods, Inc. Terms of the transaction, which was announced on April 10, 2012, were not disclosed.
Headquartered in Burlington, Ontario, Fearman’s Pork was acquired by an affiliate of Sun Capital from Maple Leaf Foods in a corporate carve-out transaction which necessitated assembling a new management team and corporate infrastructure. Fearman’s Pork expanded production to meet demand, implemented new hog procurement programs to improve quality and delivery, and introduced products for niche markets. As a result of these improvements, 2011 sales increased by 16 percent.
“Fearman’s Pork has made great strides as a standalone business,” said Marc Leder, Co-CEO at Sun Capital Partners. “Management has effectively created an infrastructure and stabilized hog procurement, which assures the region’s hog farmers that they have a committed and capable partner. Sofina Foods is a natural steward for the next stage of its growth.”
Sun Capital Partners has prior experience in the sector through its affiliated portfolio companies, including Contessa Premium Foods, a leading U.S. processor and distributor of premium seafood and frozen convenience meals; Creekstone Farms, a processor of high-quality Black Angus beef and seller of branded fresh beef and value-added products; Harry’s Fresh Foods, a producer of premium home-style refrigerated foods for the retail and foodservice markets; and Sunrise Growers-Frozsun, a leading value-added U.S. supplier of frozen strawberry products and a distributor and marketer of fresh strawberries.
About Sun Capital Partners, Inc.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and other investments in companies that can benefit from its in–house operating professionals and experience. Sun Capital affiliates have invested in more than 300 companies worldwide with combined sales in excess of $45 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca Raton, Los Angeles, and New York, as well as affiliates in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen. For more information, please visit www.SunCapPart.com.
About Fearman’s Pork
Established in 1852, in Ontario, Fearman’s Pork operates Canada’s oldest pork-processing facility, which is also the largest in the province. The Company supplies product to other processors, retailers and food service providers, including chilled pork products, specialty, and counter-ready products. For more information, please visit www.Fearmans.com.