Michael Foods to acquire egg products producer
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MINNETONKA, MINN. — M.G. Waldbaum Co., a subsidiary of Michael Foods, Inc., has entered into an agreement to acquire the assets of Primera Foods Corp. The transaction includes Primera’s manufacturing assets located in Britt, Iowa, and Altura, Minn., where Primera produces value-added egg products.
“The purchase of the Primera business is an important decision for our company,” said Jim Dwyer, chairman and chief executive officer of Michael Foods. “The two businesses are complementary, and the acquisition will allow the Michael Foods family of companies to extend its capacity and manufacturing capabilities. By increasing our production capacity for egg products, we will be better positioned to address the needs of our customers going forward.”
Mr. Dwyer said the addition of the Primera business will broaden Michael Foods’ reach across North America, Europe and Asia. He said the initial focus of the acquisition will be ensuring a seamless transition for Primera customers.
Michael Foods employs approximately 3,500 people and serves customers across North America, Europe and Asia with Crystal Farms, Papetti’s, Simply Potatoes, and Abbotsford Farms branded products.