A Meat Packaging Company Adds Job With its Expansion Plan

A meat packaging company that has been in the business for more than 100 years in the western part of Kentucky plans to add around a dozen employment opportunities with its new expansion plan.

The company in news is Specialty Foods Group Inc., which plans to create as many as 65 jobs by investing an amount as high as $2.6 million into the project.

As far as the portfolio of brands of this meat packaging company in Kentucky is concerned, it includes big names such as Fischer’s, Kentucky Legend, Kentuckian Gold, the Mickelberry’s and Field.

The primary mission of Specialty Food Group Inc. – a household name in America, is to cater to the ever-changing demands of customers in terms of taste, price, quality and convenience.

As it is a leading producer of premium meat products, the company takes pride in knowing a little more than others in the realm of taste buds of the Americans.

The best thing about this meat packaging company is that whether it is brown bag lunches or big holiday dinners, it is determined to serve the best quality products to all its customers.

In the ribbon-cutting ceremony of the company that was conducted on July 30, the Governor Steve Beshear – along with many officials from the Owensboro area, was present.

The Meat Packaging Company’s Future Plans
While attending the ribbon-cutting ceremony, Governor Beshear said that he was very happy to celebrate the expansion of Specialty Foods Group.

He added further that the company’s expansion in Owensboro will not only create more jobs for western Kentucky’s citizens but will also display how confident the company is about the state’s promising business climate and quality workforce.

He said he would look forward to working with Specialty Foods as the company continues to grow its presence in the Commonwealth.

It’s interesting to note here that the expansion project undertaken by this Kentucky meat packaging company includes upgrading the equipment so that production capacity, as well as quality, can be increased with ease.

With this added capacity, Specialty Foods Group expects to continue its growth on a national level with its popular Kentucky Legend Brand.

According to Steve Wright – Specialty Foods Group’s president, this expansion is the first step in the foundation for the company’s future.

He claimed 2015 to be an exciting year for Specialty Foods Group, as the company has recently completed its ham expansion project, adding more jobs in the manufacturing facility and giving a significant boost to the production capacity.

From its modest beginning in December 1914 as a manufacturing facility in Owensboro, this meat packaging company in Kentucky has come a long way.

What Happened After the Expansion?
Indiana Packers (IPC) and Specialty Foods (SFG) have entered into a merger and acquisition agreement. The acquisition will expand IPC’s U.S. pork business and significantly increase its presence in the U.S. meatpacking industry. Additionally, it signals a significant breakthrough in its efforts to expand its food industry internationally.

The company started in 1895 and became a leading supplier of pork products in the United States. The company operates six slaughterhouses and four processing plants across the Midwest and South and employs more than 4,000 people. IPC sells its products to major retailers and food service companies across the United States, as well as to customers in more than 60 countries around the world.

On the other hand, SFG is one of the largest meatpacking companies in the US, operating in 19 states. The company produces and packages fresh and frozen meat products such as beef, poultry, pork, and lamb. It also owns some well-known brands. With people knowing these brands, the acquisition is indeed a win-win situation.

The closing of the transaction is anticipated by the end of 2018, subject to regulatory approvals. The deal’s financial details weren’t made public.

Effect of Merger and Acquisition of Meat Packaging
IPC anticipates greater synergies after its strategic move of acquiring SFG. It expects a stronger and more stabilised integration of operations throughout its supply chains. As a result of the acquisition, customers will have access to more food options.

IPC is a major force in the food sector and places a high priority on quality and safety. The acquisition of SFG will complement IPC’s existing portfolio of businesses and create a more diversified and integrated business.

This will enable IPC to expand its geographical reach. Aside from geographical reach, IPC hopes to generate cost savings and efficiencies through the sharing of resources and expertise.

Ultimately, the acquisition of SFG by IPC will benefit both companies and their respective stakeholders. It will also contribute to creating a more sustainable and efficient food system that meets the needs of today’s consumers.

At present, it has an employee strength of 501 in Kentucky. To know more about the company, you can Check This Out.