It is looking to be a year of growth for Cargill as the company recently set its sights on Texas-based Five Star Custom Foods, Ltd. Cargill signed an agreement to acquire the business which specializes in cooked protein products and custom prepared soups and sauces for the foodservice and food processing sectors, and includes both of the Five Star Custom Foods facilities in Fort Worth and Nashville, Tennessee. Terms of the agreement were not disclosed. Expected for completion this summer, the transaction will be subject to customary regulatory review, with approval and finalization of the purchase.
“We’re thrilled with the opportunity to add Five Star Custom Foods to the Cargill family because it has a record of proven success producing high-quality, value-added, customized products that delight its customers,” said Brian Sikes, Corporate Vice President of Cargill’s Protein Businesses headquartered in Wichita. “We are acquiring an excellent company with talented people who do an outstanding job delivering a five star experience to their customers, helping them to succeed and grow.”
With the addition of Five Star Custom Foods, Cargill is looking to enhance the company’s existing cooked protein capabilities, optimize supply chain efficiencies, and provide innovation opportunities, according to a press release. Five Star Custom Foods was established in 1999. The company employs 385 people.
“Adding Five Star Custom Foods to Cargill’s protein business will provide us with new capabilities we currently do not have, while allowing us to be more nimble in our ability to meet the ever-changing needs of our customers and consumers in today’s fast-paced marketplace,” Sikes added. “We will also learn from the proven success of the Five Star Custom Foods team, which will allow us to enhance our own portfolio as we continue to grow our protein business.”
Jeff Bledsoe, President and Founding Partner of Five Star Custom Foods, noted that Cargill is a company rich in history and with a reputation for producing exceptional products. “Together, we share a commitment for taking care of employees and nurturing customer relationships. As we look toward the future, we are excited by Cargill’s commitment to excellence and long-term profitable growth. We truly believe this to be a ‘winning’ scenario for everyone involved.'”
John Keating, President of Cargill Meats Solutions Corporation added that the company takes great pride in its ability to deliver high-quality, safe, and nutritious food. “These two locations in Fort Worth and Nashville fit well with Cargill’s existing U.S. geographic footprint, and we look forward to sharing our vision and passion for protein with the Five Star Custom Foods team,” he said.
Cargill has been having a growth spurt in recent years, and this is the second Fort Worth operation Cargill has purchased in the past four years. Cargill purchased a beef grind facility in the area in 2012 and recently Cargill announced its acquisition of a ground beef processing plant in Columbia, S.C.