What's New ? - 2022

What's New ? - 2022

Foster Farms purchased by private equity firm

9 June, 2022

Atlas Holdings announced that it has acquired Foster Farms, a family-owned provider of fresh, frozen, and prepared poultry products headquartered in Livingston, California from entities associated with the Foster Family. Despite higher expenses tied to rising grain prices, poultry companies have reported strong sales growth as consumers continue to load up on the protein even as it has become more expensive at retail. The favorable market conditions have been a major contributor to mergers & acquisitations in this sector. The company employs approximately 10,000 skilled team members and operates major processing facilities in California, Washington, Louisiana, Oregon, and Alabama. The company, which generates revenues of approximately $3 billion annually, will continue to operate under the Foster Farms name. Atlas Holdings brings decades of experience in the food industry through other businesses they have owned and operated, making them the ideal partner for Foster Farms. Atlas’ companies together generate approximately $14.5 billion in revenues annually.