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February 14, 2016 7:04 PM ET

Food Products

Company Overview of Keystone Foods LLC

Company Overview

Keystone Foods LLC processes and produces fresh and frozen poultry, beef, fish, and pork protein products. The company offers beef and pork patties; par-fried items, such as breaded chicken nuggets and patties; fully cooked products, such as chicken wings, chicken breast filets, beef and chicken fajita strips, diced chicken, and bone-in chicken pieces; and coated and cooked/roasted chicken products, including cordon bleus. It also offers bacon products, grilled onion rings, spring rolls, coated cheeses, vegetable pies, and bakery products; and whole muscle chicken, karaage and tasutage, sausage patties, fish-fillets, karubi beef and pork, and rice patties; cheese, chocolate, and mousse cakes...

300 Barr Harbor Drive

Five Tower Bridge

Suite 600

West Conshohocken, PA 19428-2998

United States

Founded in 1956

Phone:

610-667-6700

Fax:

610-667-1460

Key Executives for Keystone Foods LLC

Chief Executive Officer and President
Age: 54
Founder and Chairman
Age: 81
Chief Financial Officer and Executive Vice President
President of Keystone U.S.
Vice President of Business Technology Systems and Chief Information Officer
Compensation as of Fiscal Year 2015.

Keystone Foods LLC Key Developments

Keystone Foods Names Devin Cole President of Keystone U.S

Keystone Foods announced that Devin Cole has joined its executive leadership team as President of Keystone U.S., overseeing all North American business for the company. Cole will report directly to Keystone Foods' President & CEO Frank Ravndal. Prior to joining Keystone, Cole was most recently the Chief Commercial Officer of Tyson Foods Inc., where he was responsible for developing combined go-to market strategies for the company's food service and consumer products businesses. During his 16-year tenure with Tyson, Cole held several senior management positions. Cole also led account business development efforts within Hudson Foods Inc. In his new role at Keystone, Cole will oversee Keystone's poultry, beef and fish businesses in North America. He is committed to operational excellence and executing the company's growth strategy by deepening relationships with new and existing customers across multiple channels.

Keystone Foods LLC Announces Earnings and Operating Results for the Third Quarter Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Keystone Foods LLC announced earnings and operating results for the third quarter ended September 30, 2014. For the quarter, the company reported net revenue was BRL 1,412.3 million against BRL 1,482.7 million a year ago. The lower revenue primarily reflects the commodity-based pricing model with several QSR clients in the United States, in which product prices reflect variations in input costs, and a shift in the product mix in the QSR channel in the United States. Adjusted EBITDA was BRL 86.6 million against BRL 95.4 million a year ago. EBITDA was BRL 83.3 million against BRL 95.6 million a year ago. For the quarter, the company reported total Keystone Foods volume was 251,200 tons against 249,700 tons a year ago. Average price of total Keystone Foods volume was BRL 5.62 per kg against BRL 5.94 per kg a year ago. The company expects growth in EBITDA in the fourth quarter of 2014 due to improving market dynamics in both the US and Asia.

Marfrig May List Moy Park And Keystone Foods

Marfrig Global Foods S.A. (BOVESPA:MRFG3) may list Keystone Foods LLC and Moy Park Ltd. Marfrig’s Chief Executive, Sergio Rial, said the company was examining selling stakes in two foreign subsidiaries Moy Park and Keystone Foods – so that it could pay down debt. The group has hired banks to advise on a possible sale. “It could be both or it could be just one, but we’re looking at both,” said Rial of the two possible deals. “It’s not impossible” that a sale could happen this year, he said. “That doesn’t mean that we’re setting a date for this year, but we have to be ready.” Rial cautioned in the Bloomberg interview that neither initial public offering is a done deal and he declined to name the adviser banks. “We’re convinced it’s an extremely favorable moment for listings in the United States and Europe,” Rial said, adding that proceeds from the offering could also be used to finance acquisitions or make investments without borrowing money. “There’s a lot of demand by European banks for good quality assets and a lack of opportunities there.” According to Irish Times, a spokeswoman for Moy Park was unable to comment on the possible stake sale.

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