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Article: Let's make a deal: mergers, acquisitions reshape food landscape.(American Foods Group Inc plans to merge with Rosen Meat Group Inc)(Brief Article)
- Article from:
- Refrigerated & Frozen Foods
- Article date:
- June 1, 2005
CopyrightCOPYRIGHT 2005 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Limited cattle supplies and restricted foreign markets are forcing beef processors to make some tough decisions. But rather than allow markets to dictate more drastic measures, two of the industry's largest private companies--American Foods Group Inc., Green Bay, Wis., and Rosen Meat Group Inc., Alexandria, Minn.--announced plans to merge by September to form American Foods Group LLC.
Industry reports said American Foods would become the nation's six-largest beef processor, with combined annual sales of approximately $1.5 billion. The company will be based in Alexandria with Carl Kuehne, owner and CEO of American Foods, serving as a co-chairman and co-CEO with ...