Jack Link’s Beef Jerky has announced plans to acquire Unilever’s meat snacks business. This includes Peperami in theUKand the BiFi brand, which is available in a number of European countries.
The deal, which is subject to customary closing conditions, is expected to close by the end of March, 2014. The transaction also includes the manufacturing facility inAnsbach,Germany. Terms of the deal have not been disclosed.
“Jack Link’s mission is to be the No. 1 provider of branded meat snacks throughout the world,” said Troy Link, CEO of Jack Link’s Beef Jerky. “This acquisition is a significant step in delivering on that mission. BiFi and Peperami brands continue to drive growth in meat snacks in their respective territories. We are excited to welcome these brands to the family and look forward to working with all of our team members and retail partners to continue that success.”
Jan Zijderveld, Unilever Europe President, said: “Bifi and Peperami are two iconic local brands. As we continue to sharpen our portfolio to deliver sustainable growth for Unilever, we believe that the potential of these two brands can now be more fully realized with Jack Link’s.”
