The Hillshire Brands Co., Chicago, has signed an agreement to acquire Golden Island Jerky, a gourmet jerky manufacturer in Rancho Cucamonga, Calif. Terms were not disclosed, and the transaction is expected to close by the end of this month, pending closing conditions.
“We are excited to add Golden Island to our strong portfolio of brands, as it provides an entry point into the attractive dried meat snacks category,” says Sean Connolly, president and CEO, The Hillshire Brands Co. “This highly appealing category generates retail sales of more than $2 billion annually and has had 10% volume growth over the past two years.