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September 02, 2015 11:19 PM ET

Food Products

Company Overview of AdvancePierre Foods, Inc.

Company Overview

AdvancePierre Foods, Inc. produces and supplies proteins and sandwich products for foodservice and retail customers, schools, and convenience channels in the United States. It offers fully cooked burgers, chopped steaks and patties, breaded beef products, breaded poultry products, breaded pork products, breaded veal products, fully cooked unbreaded chicken, fully cooked unbreaded dippers and drummies, fajita strips, meatballs, meatloaf and Salisbury, boneless ribs, fully cooked breakfast sausages, other unbreaded products, veal products, lamb products, certified Angus Beef products, stuffed chicken products, fully cooked entrées, sandwiches, bakery products, Steak-EZE and Philly Freedom prod...

9987 Carver Road

Suite 500

Cincinnati, OH 45242

United States

Founded in 1946

2,629 Employees

Phone:

513-874-8741

Fax:

513-874-5150

Key Executives for AdvancePierre Foods, Inc.

Chief Executive Officer, President and Director
Age: 54
Chief Financial Officer
Age: 56
President of Convenience Channels
Age: 48
President of Retail Division
Compensation as of Fiscal Year 2015.

AdvancePierre Foods, Inc. Key Developments

Barber Foods' Sale Reportedly Put On Hold

Sale of AdvancePierre Foods, Inc.'s subsidiary Barber Foods, LLC has reportedly been postponed following the July 12, 2015 Department of Agriculture recall of 1.7 million pounds of raw stuffed-chicken products from its Barber division. Oaktree Capital Management, L.P., owner of AdvancePierre Foods, Inc., which hired Morgan Stanley and Rothschild to handle the auction, has delayed the auction. "No sale is going to happen this month," a source said, "perhaps not this summer." Oaktree declined comment.

AdvancePierre’s Sale On Hold

Oaktree Capital Management, L.P. was ready to take final bids for the business last week before AdvancePierre Foods, Inc.’s Barber Foods, LLC was forced to recall 1.7 million pounds of raw stuffed-chicken products. On July 12, 2015 the day before final bids were due, the Department of Agriculture announced the recall after several people fell ill from Barber products because of salmonella contamination. Bidders were caught by surprise, according to sources. Oaktree, which hired Morgan Stanley and Rothschild to handle the auction, has delayed the sale while the company and potential buyers get a better grip on the cause of the outbreak. “No sale is going to happen this month,” a source said, “perhaps not this summer.” Oaktree declined comment, reported New York Post.

AdvancePierre Foods, Inc. Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-24-2015 04:40 PM

AdvancePierre Foods, Inc. Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-24-2015 04:40 PM. Venue: Loews Hotel, Miami Beach, Florida, United States.

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