Tyson Foods Acquires Original Philly Holdings
November 13 2017 - 10:45AM
Tyson Foods, Inc. (NYSE:TSN) has completed the acquisition of
Philadelphia-based Original Philly Holdings, Inc., one of the
nation’s leading producers of raw and fully-cooked Philly-style
sandwich steak and cheesesteak appetizer products.
“Original Philly Holdings is a natural, strategic fit with our
Prepared Foods Business,” said Tyson Foods Prepared Foods Group
President Sally Grimes. “The Original Philly brand and portfolio of
products are highly regarded in the foodservice industry and have a
growing list of customer relationships with chain and convenience
store operators."
Original Philly Holdings consists of two business units:
Original Philly Cheesesteak Company, which manufactures raw Philly
Style sandwich steak products, and Philadelphia Pre-Cooked Steak
Company, which manufactures fully-cooked Philly-style sandwich
steak products. Its customers include foodservice, retail and
convenience store providers. The company, which employs
approximately 250 people, operates two plants in Philadelphia,
Pa.
“We look forward to combining our commercial and operational
resources with Original Philly Holdings’ capabilities to offer new
solutions to customers and consumers, expand distribution, and
continue the growth and legacy of the business,” Grimes said.
“We’re excited to be part of the Tyson Foods family, which will
allow us to build on the legacy of our business,” said John
Karamatsoukas, president and CEO of Original Philly Holdings.
“Tyson Foods is a leader in the food industry and has a strong
reputation for successfully acquiring and growing family-owned
businesses like ours. With deep appreciation for our
customers, employees, and vendors’ contributions to Original
Philly’s success, I remain confident that Tyson Foods will honor
and operate the business in a manner consistent with the values we
embrace.”
Integration teams from Tyson Foods and Original Philly have been
formed and the company will remain focused on maintaining high
quality customer service during the transition.
About Tyson Foods, Inc.Tyson Foods Inc.
(NYSE:TSN) is one of the world’s largest food companies and a
recognized leader in protein. Founded in 1935 by John W. Tyson and
grown under three generations of family leadership, the company has
a broad portfolio of products and brands like
Tyson®, Jimmy Dean®, Hillshire Farm®, Ball
Park®, Wright®, Aidells®, ibp® and State
Fair®. Tyson Foods innovates continually to make protein more
sustainable, tailor food for everywhere it’s available and raise
the world’s expectations for how much good food can do.
Headquartered in Springdale, Arkansas, the company has 114,000 team
members. Through its Core Values, Tyson Foods strives to operate
with integrity, create value for its shareholders, customers,
communities and team members and serve as a steward of the animals,
land and environment entrusted to it.
Visit www.tysonfoods.com.
About Original Philly Holdings, Inc.Original
Philly Cheesesteak Co., originally known as Roxborough Meat Co.,
was founded in 1981 in a converted garage in Philadelphia’s
Roxborough section. The Company started producing portion
controlled Philly Style sliced steaks for sale to local and
regional foodservice operators. Original Philly experienced
36 years of year-over-year growth as Philly cheesesteaks
increasingly became standard global menu fare. In 1991,
Philadelphia Pre-Cooked Steak Co. was founded to serve a rapidly
growing customer base that was looking for convenient
heat-and-serve fully cooked Philly steaks. Original Philly
Cheesesteak Co. and Philadelphia Pre-Cooked Steak Co. merged in
early 2017 under Original Philly Holdings, Inc. For more
information visit: www.phillycheesesteak.com.
Media Contact:Caroline Ahn, caroline.ahn@tyson.com.
312-614-6047
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