West Liberty buys over Quantum Foods' assets

    
 

US meat processing company West Liberty Foods LLC has completed the acquisition of Quantum Foods' assets.

In February 2014, Quantum Foods,  a producer of value-added protein meat products, filed for bankruptcy protection and previously attempted a deal with Raging Bull Acquisition Co. in which the company will be sold for US$54 million. However, the deal fell through in May.

West Liberty Foods expects to begin meat processing operations in Bolingbrook, Illinois, US, within the next 30 days, officials said.

"This is an exciting step forward for West Liberty Foods," said Ed Garrett, president and CEO. "This acquisition will enhance our offerings and benefit our customers, employees and owners. In addition, we will be able to bring back jobs lost when Quantum Foods shut down its business."

According to meatpoultry.com, a webcast auction was scheduled for this week, with assets up for bid, including a 220,000-square-foot production facility, an 80,000-square-foot culinary facility and a 250,000-square-foot cold-storage distribution center.

West Liberty Foods has three manufacturing locations: West Liberty and Mount Pleasant, Iowa, and Tremonton, Utah. The company is headquartered in West Liberty.