Eddy Packing acquired by equity firm

By Aidan Fortune contact

- Last updated on GMT

Eddy Packing has been bought by private equity firm Equity Holding
Eddy Packing has been bought by private equity firm Equity Holding

Related tags: Beef, Pork, Poultry, processing

US-based value-added processor Eddy Packing has been acquired by private equity firm Insight Equity Holding.

The business, which specialises in smoked, cooked, and fresh pork, beef, and poultry products that are available in refrigerated and frozen formats has been acquired from fellow private equity business Mason Wells.

Eddy Packing supplies a balanced mix of multi-unit foodservice, contract packing and retail customers with branded and private-label offerings.

Jim Reed, incoming CEO of Eddy Packing Company, was positive about the future of the company.

“I think Eddy Packing is a terrific company, and its customer relationships and high-quality product offering support that position. I am excited to join the team, and look forward to finding new and creative solutions to fulfill the needs of our customers. With the financial support and operational expertise of Insight Equity, Eddy’s best days should be yet to come.”

John M. Fortino Jr, president & CFO, added: “The partnership of Eddy Packing and Mason Wells over the past several years has poised the company for future success in the food industry. The investments that Mason Wells and Eddy Packing made in processing and packaging capabilities, as well as in key personnel, will foster sustainable growth as a leading high-quality food processor in the ready-to-eat category.

“We are excited to partner with Insight Equity, which will benefit from the investments made in the infrastructure of the business over the past seven years. Insight Equity will further solidify Eddy Packing as the go-to supplier in the food industry for ready-to-eat products in the retail, foodservice and commercial channels. I want to personally thank Mason Wells for the support and opportunities that they have provided to us here at Eddy Packing.”

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