Seaboard Farms, Inc. to Acquire Daily's Foods and Expand Processed Meats

Seaboard Farms, Inc. to Acquire Daily's Foods and Expand Processed Meats SHAWNEE MISSION, Kan., May 20 /PRNewswire-FirstCall/ -- Seaboard Farms, Inc., announced today that it had entered into an agreement to acquire Daily's, a bacon processor located in the Western United States. The acquisition will include Daily's two bacon processing plants located in Salt Lake City and Missoula, Mont. Seaboard expects to complete the transaction by early July. "This is a bold step forward in value-added pork products for Seaboard Farms," says Rod Brenneman, president of Seaboard Farms, Inc. "Daily's reputation for quality and food safety fits well with Seaboard Farms and will allow us to further expand our integrated pork model. We're excited about Daily's and their management team becoming part of Seaboard Farms." The two Daily's Foods plants produce premium sliced and precooked bacon for food service. The company, formed in 1893, has developed a strong food service brand in the West. Seaboard Farms plans to continue using the Daily's brand. The Daily's bacon plants will become part of the newly created Seaboard Farms Processed Meats Division. Mark Wilson, president of Daily's Foods, will serve as Seaboard Farms Processed Meats division president, and the other Daily's officers will have similar positions with the Processed Meats Division as well. Daily's Foods has been a long-time customer of Seaboard Farms, creating a good relationship and understanding of each company's capabilities. Through its integrated pork system, Seaboard Farms produces high-quality zero-scribe, center-cut pork bellies used for premium center-cut bacon production. Seaboard Farms produces and sells retail and food service products under the PrairieFresh(R) Premium Pork brand. "We're excited about leveraging our expertise in fresh meats with the Daily's processed meats experience," says Brenneman. "The Daily's management team brings a wealth of experience in the processed meats area and this will allow us to grow and expand their bacon product line as well as other value- added pork products." Almost two years ago, Seaboard Farms began to aggressively pursue the food service market. The addition of Daily's bacon products will allow Seaboard Farms to offer a wider spectrum of pork products, while still providing customers with the quality and food safety they've come to expect from Seaboard Farms. "We're very excited about Daily's joining Seaboard Farms and see this as just one more step in expanding our integrated pork model into other value- added products," Brenneman says. Seaboard Farms, Inc., headquartered in Shawnee Mission, Kan., is a leading integrated food producer and processor of pork in the United States, and a top exporter to Japan and Mexico. The company employs more than 4,000 people in Oklahoma, Kansas, Colorado and Texas, and markets pork products under the PrairieFresh(R) Premium Pork brand. In addition to its food safety commitment, Seaboard Farms has been recognized for its aggressive research and proactive environmental standards. For more information, log onto the company Web site at http://www.seaboardpork.com/ , or for information about PrairieFresh(R) Premium Pork log onto http://www.prairiefresh.com/ . DATASOURCE: Seaboard Farms, Inc. CONTACT: David Eaheart, APR of Seaboard Farms, Inc., +1-913-261-2621, Web site: http://www.seaboardcorp.com/ http://www.seaboardpork.com/ http://www.prairiefresh.com/