Highview Capital acquires poultry and meat products supplier Randall Farms
Highview Capital, a private equity investment vehicle, has acquired Randall Farms, a California-based provider of fresh poultry and meat products.
The financial terms of the deal were not disclosed.
Randall Farms partners with grocery customers to supply them with all types of processed and value-added meats. These include a range of freshly prepared meals and marinated, ready-to-cook offerings.
Highview Capital acquired the poultry and meat products provider from the family of Stan Bloom, whose father Sid Bloom founded the business.
Stan Bloom said: “My family founded Randall Farms in 1952 as a small poultry farm raising chickens to sell to local supermarkets.
“I’m so proud of all of our team’s hard work and how far we’ve come to become an established partner of choice to grocery stores looking for affordable, value-added protein offerings. As the Company sits on the cusp of its next phase of growth, we are thrilled to have found a new owner in Highview that strongly believes in the business and has the tools necessary to take it to the next level.”
Currently, Randall Farms supplies to grocers across California, the Pacific Northwest, Texas, Arizona, Nevada, and New Mexico.
Highview Capital said that it well positioned to help Randall Farms to steer it into its next chapter owing to its vast experience in the food sector. The private equity investment vehicle had previously acquired specialty foodservice distributor Good Source Solutions in 2018 and its subsequent merger with Gold Star Foods to create a new company called GS Foods Group.
Steve Russell – Senior Portfolio Manager of Highview Capital said: “We have long admired the Randall business and its rich, customer-centric heritage.
“The Company has deftly navigated the ongoing pandemic, continuing to deliver excellent customer service while keeping its employee base safe. This is clearly a special company, and we look forward to working with Randall’s leadership to invest in the business for the future while honoring its outstanding legacy.”