Hain acquires Pilgrim's turkey operations

April 1, 2008
New Oxford Foods LLC, has acquired Pilgrim's Pride Corp.'s turkey production facility and distribution center in New Oxford PA

Hain Pure Protein Corporation — a joint venture between Pegasus Capital Advisors L.P. and The Hain Celestial Group Inc. — announced that its newly formed wholly owned subsidiary, New Oxford Foods LLC, has acquired Pilgrim's Pride Corp.'s turkey production facility and distribution center in New Oxford PA.

“This strategic investment positions Hain Pure Protein at the forefront of the natural and organic sector of the poultry industry and gives us capabilities to expand our offerings of branded, premium products,” said Irwin D. Simon, president and chief executive officer of Hain Celestial.

New Oxford Foods will become part of the Hain Pure Protein reporting unit, which is consolidated into the results of Hain Celestial. Hain Celestial expects that the addition of New Oxford Foods will be accretive to earnings in its fiscal 2009 year. Terms of the acquisition, which closed March 10, were not disclosed.

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...

Report: The 2024 State of Heavy-Duty Repair

From capitalizing on the latest revenue trends to implementing strategic financial planning—this report serves as a roadmap for navigating the challenges and opportunities of ...