Central Valley Meat to acquire Harris Farms’ beef operations

US-based meat processing firm Central Valley Meat has agreed to acquire Harris Ranch Beef for an undisclosed sum.

The acquisition includes wholly-owned subsidiaries Harris Feeding Company and Harris Ranch Beef Company.

Financial terms of the deal were not divulged.

Central Valley Meat Company president and CEO Brian Coelho said: “We have known and respected John Harris and Harris Ranch Beef for decades, and I am pleased to have this once-in-a-lifetime opportunity to continue the business’ family-owned legacy and pursue its tremendous potential for growth here in the Central Valley.

“While Central Valley Meat Company and Harris Ranch Beef will continue to operate independently, I expect both businesses and their respective customers to benefit from the companies’ shared knowledge, extensive resources and expanded product offering.”

Under the agreement, both companies will operate independently and retain their own brands.

Harris Farms owner John Harris said: “The Central Valley has long served as the home of some of the finest beef sold around the world. Today’s announcement cements a future for two family-owned beef operations to continue to thrive.

“Brian has a proven track record of growing businesses, and under his leadership, Harris Ranch Beef can continue its long and storied legacy.”

Harris Farms Hospitality division, which includes Harris Ranch Inn and Restaurant, Farms Division, Horse Division and River Ranch is not part of the deal. Wood will continue as Harris Farms president.

Harris Ranch Beef operations chairman Dave Wood said: “Brian and the Central Valley Meat Company team share our view that employees are our company’s most valuable asset and that customers should be treated as partners, if not a family.

“We are pleased to work with Brian and we look forward to each company’s continued success.”

For this transaction, Lucas Horsfall served as financial advisor to Brian Coelho and Central Valley Meat Holding Company, while Stubbs, Alderton & Markiles served as legal counsel to Central Valley Meat Holding Company.

Wells Fargo Securities served as financial advisor to Harris Ranch Beef Holding Company and Carriage House Capital Advisors acted as the financial advisor to Harris Farms.