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February 9, 2021

US meat company Randall Farms bought by PE firm Highview Capital

Randall Farms, a US meat business, has been acquired by a local private-equity firm for an undisclosed sum.

By Leonie Barrie

Randall Farms, a US meat business, has been acquired by local private-equity firm Highview Capital for an undisclosed sum.

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Highview purchased the Vernon, California-based company from the family of Stan Bloom, whose father Sid founded the business.

The parties said they want to enhance Randall Farms’ product offering and scale the business further.

Randall Farms provides processed and value-added meats, including prepared meals and marinated, ready-to-cook offerings. It mainly services retailers based in California, the Pacific north-west, Arizona, Texas, Nevada and New Mexico.

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.”

He added: “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.”

Steve Russell, senior portfolio manager of Los Angeles-based Highview Capital, said: “We have long admired the Randall business and its rich, customer-centric heritage.

“The company has deftly navigated the on-going 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 honouring its outstanding legacy.”

Highview Capital already has food sector businesses in its portfolio. It owns foodservice supplier GS Foods, which last month acquired fresh foods business Fresno Produce.

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Innovation Update Q2 2022: Meat and Meat Alternatives

Meat alternatives continue to push boundaries, as companies explore 3D printed, plant-based, and precision fermentation-based alternatives. As a result, shoppers are more open to experimental formulations that introduce new flavors to meat products, blur traditional food categories, or swap in new ingredient types. It is vital for their development that retailers acknowledge this range of emerging trends during these increasingly uncertain times. Brands must continue to understand how consumer needs and desires change, and offer a range of products that reflect the world around them, therefore developing purchasing and consumption decisions. Exciting non-traditional formulations are hitting the market - following the trajectories and target audiences of these launches will help other brands find their niche. Consult our report on Meat and Meat Alternatives, from the collection of >17,000 reports on GlobalData Explorer, to:  
  • Understand the current market dynamics of the Meat and Meat Alternatives Sector
  • Assess strategies implemented by companies to better penetrate the market
  • Understand the key themes in the market that these companies and their respective products appear to be targeting
  • Marketing / Advertising strategies being used by these players for specific products
  • Other segment-specific analysis (packaging, design, flavors etc.)
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by GlobalData
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