Mitsubishi subsidiary acquires pork producer
An Indiana subsidiary of Mitsubishi has acquired a pork producer in the region.
Indiana Packers Corporation in Delphi, Ind. said this month that it has purchased 100-percent stock in Quincy Street in Holland.
The purchase amount was not disclosed.
The two companies have a previous relationship. Indiana Packers has been the top supplier of pork products sold to Quincy Street for more than 20 years.
Quincy Street employs approximately 200 workers.
“We plan on operating the facility as it is currently being used and explore the feasibility of expanding the facility in the future,” said Jeff Feirick, vice president of corporate planning, Indiana Packers.
Feirick said Quincy Street’s West Michigan location is convenient, because of its proximity to Indiana Packers.
“We are excited about the future growth opportunities at Quincy Street,” said Russ Yearwood, president, Indiana Packers. “The Quincy Street dedication to producing high-quality pork products and commitment to customer service complement our business strategy and core values. We look forward to realizing the advantages brought by Quincy Street for many years to come.”
Quincy Street, which opened its doors in 1995, makes and markets a range of ready-to-eat meats and meat products nationwide: dinner hams, spiral sliced hams, breakfast sausages, deli meats, specialty toppings and cooked boneless pork loins.
The company has been a successful private label manufacturer, with target markets that include food service, retail and industrial, which includes the sale of products to other food processors as ingredients.
Its clients include Hungry Howie’s, Food Services of America, Gordon Food Service, Spartan Stores and McAlister’s Deli.
Indiana Packers said Quincy Street is "highly knowledgeable in formulating products to customers’ exact specifications and specializes in seizing business opportunities where it can add value," while serving services large national and regional accounts throughout the country.
The company prides itself on its food-safety measures.
Quincy Street is SQF Level 3 Certified, which company president and CEO Douglas Hekman called “unique for a company of its size.”
The Safe Quality Food Institute, which is the only North American organization recognized by the Global Food Safety Initiative, audits the company’s food safety processes.
Indiana Packers Corporation is a 20-year-old company, which was formed in 1991 as a partnership between Central Soya and Mitsubishi International Corporation.
In February of 1994, Central Soya exited the operation, and Mitsubishi took over controlling interest, with Itoham Food joining as a minor stockholder.
At that point, the company began operating under the name Indiana Packers Corporation.
Indiana Packers’ current daily production capacity is 16,800 hogs — up from 4,200 hogs a day as a startup operation in 1991.
The company employs more than 2,000 workers.
Indiana Packers has seen “tremendous growth and is now looking forward to an even brighter future, with plans to expand its operation and capacity,” according to its website.
The company recently invested more than $100 million in new equipment and facilities.