The Maschhoffs, a US-based pork producer, has entered into an agreement to acquire chicken provider GNP Company for an undisclosed amount.
The deal will have no immediate impact on GNP company's chicken business or The Maschhoffs' pork production business.
It provides the capital and long-term resources that GNP needs to grow to meet increasing sales demand for its products and brands and the company's sales are expected to be about $400m in 2013.
Following the closing of the transaction, both businesses will operate as separate units.
GNP headquarters will remain in St. Cloud, Minnesota and its 1,700 team members and 350 family farm partners will be retained.
The Maschhoffs' pork production business unit will continue to maintain and enhance its position as North America's leading pork production company.
GNP CEO Mike Helgeson said, "No changes in business operations or company commitments are planned as a result of this acquisition.
"GNP Company will continue to build on its reputation as the Midwest's leading provider of premium quality chicken brands and products."
GNP distributes chicken products under the Just BARE, Gold'n Plump and Sunny Roost brands.
