MG Waldbaum, a subsidiary of Michael Foods, has entered into an agreement to acquire the assets of Primera Foods – a US-based producer of processed egg products.
The deal includes Primera's manufacturing assets located in Britt, Iowa, and Altura, Minnesota, where the company produces value-added egg products.
Michael Foods chairman and CEO Jim Dwyer said that the purchase of the Primera business is an important decision for the company.
"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," Dwyer added.
The acquisition will expand Michael Foods' reach across North America, Europe and Asia. Following the acquisition, Michael Foods plans to initially focus on a seamless transition for Primera customers.
Michael Foods, headquartered in Minnetonka, Minnesota, is a leading food processor and distributor with business in egg products, refrigerated grocery and potato products.
The company employs approximately 3,500 people and serves customers across North America, Europe and Asia. Its brands include Crystal Farms, Papetti's, Simply Potatoes, and Abbotsford Farms.
