Quantum Foods, LLC was acquired by West Liberty Foods, L.L.C. Quantum Foods, LLC manufactures and distributes protein products and custom menu solutions. It offers beef, pork, and poultry to quick service, fast casual, midscale, and casual dining chains, as well as military and school foodservice channels; portion control steaks, chops, and roasts; custom ready to cook products; and fully cooked/ready to eat products. The company also partners with retailers on private label programs, and prepared meals and deli solutions. In addition, it offers culinary, and product development/research and development services; marketing services that include menu assessment/analysis, marketplace insights,...
750 South Schmidt Road
Bolingbrook, IL 60440
Founded in 1990
CTI Foods Is In Final Stage To Acquire Quantum Foods
Feb 18 14
Quantum Foods, LLC announced that it is in the final stages of negotiating a sale of substantially all its business to CTI Foods, Inc. After evaluating multiple opportunities in the process, a leader emerged with a clear strategy to move Quantum Foods past its financial challenges and onto a path for future success. "As an industry leading protein processor, Quantum's well-established and long-standing customer relationships, diverse product offerings and demonstrated focus on quality and safety are recognized as significant value to buyers," said Edward B. Bleka, Chief Executive Officer, Founder and sole owner of Quantum Foods. "With enhanced financial backing, Quantum expects to fully deliver on its historic commitment to fulfilling the needs of our customers efficiently, safely and always with superior quality and service. We believe the completion of the sale process will enable us to focus effectively on caring for our customers, vendor partners and employees, who have all been incredibly supportive to the company," Bleka added. To facilitate the expected sale transaction, Quantum Foods has determined it is best to execute this sales process under the protection of the United States Bankruptcy Code. Quantum Foods today filed a voluntary Chapter 11 petition in the District of Delaware to obtain the essential financing necessary to preserve continuity, to the greatest extent possible, for its customers, employees and business partners. As part of the planned sale process through Chapter 11, the company will solicit additional competing offers for Quantum Foods to ensure it achieves the highest and best offer for its business. Quantum Foods is being advised in its restructuring by Winston & Strawn, City Capital Advisors, LLC and FTI Consulting, Inc.