AdvancePierre Foods, the parent company of Portland-based Barber Foods, has acquired Allied Specialty Foods for $60 million, the company said Monday.

The Cincinnati-based AdvancePierre, a national producer and distributor of sandwiches, sandwich components and other entrees and snacks, said it acquired Allied to boost its offering of Philly steak sandwiches and sandwich components. It described Allied as “a pioneering manufacturer of raw and cooked beef and chicken Philly steak products.”

“The Philly steak category is primed for growth, and this acquisition strengthens our position, brings us additional products and production capacity, and expands our geographic reach,” John Simons, president and CEO of AdvancePierre, said in a news release.

Allied’s customer base is primarily in the food service industry, which it currently serves from a 20,000-square-foot manufacturing facility in Vineland, New Jersey. In June, the company began building a new 70,000-square-foot facility that is expected to be completed during the first quarter of 2017.

AdvancePierre, which completed an initial public offering in July, purchased Portland-based Barber Foods in 2011. Barber has about 300 employees at its production facility in Portland.

 


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