UPF acquires meat producer Amboy out of bankruptcy in US

US-based United Premium Foods (UPF), a private investment group based in New Jersey, has announced the purchase of meat and food products provider Amboy Group out of bankruptcy.

Financial details of the deal have not been divulged.

The acquisitions include a meat processing and cold storage facility.

UPF chairman and acting CEO Jim Kwon said: “We are confident that with additional working capital, supplemental management and a new operating team, we can improve operating efficiencies while growing the company’s market share and reach.

“This investment is an affirmation of our belief in the strong fundamentals of the business and our confidence in the upside potential of this company.”

Located on Amboy Avenue in Woodbridge, New Jersey, the 110,000ft² manufacturing facility includes a fully automated, temperature-controlled space that uses advanced, computer-controlled AS/RS, as well as EMS storage technologies. It is a USDA, FDA and SQF 2000 Level 2 certified facility.

The facility makes use of multiple ovens and low-pressure steam to cook various products, including sausage, burgers and chicken patties.

UPF’s newly acquired facility is claimed to be one of the largest processing and cold storage facilities in the northeast.

Additionally, the plant is capable of high-speed deli-slicing, injecting, brining and tumbling besides packaging.

In addition to the acquisition of Amboy, Amboy Woodbridge Realty, an entity associated with UPF, has also acquired the real property and cold storage business.

As part of the acquisition, William Colbert agreed to join UPF as an integral part of the management team.

Colbert holds more than two decades of experience in the meat processing industry, covering all aspects of product development, manufacturing, marketing and distribution.

Colbert said: “With the acquisition, United Premium Foods will continue to produce more than 100 proprietary products, including the Tommy Moloney’s brand, the leading provider of traditional Irish meat products in the US, as well as maintain a full-service, private label meat processing business.”