TORONTO – Indiana Packers agreed to acquire Specialty Foods Group LLC (SFG), an independent producer and marketer of premium branded and private-label processed meat products, for a purchase price between $25 million and $27 million. SFG sells a variety of products including franks, hams, bacon, lunch meats and deli meats.

The transaction, which is expected to close in the third quarter of fiscal 2018, is subject to regulatory approval, approval of the equity holders of SFG and other conditions.

Specialty Foods Group Income Fund, a Toronto, Ontario-based open-ended limited purpose trust, indirectly holds an interest in SFG. In an announcement to shareholders, the Fund said SFG has stopped filing quarterly and annual financial statements in addition to management discussion about the company’s profile on SEDAR, the document filing system of the Ontario Securities Commission.

“After closing, details will also be provided from time to time as to the cash received by the Fund in respect of the sale, closing adjustments, reserves and amounts available for distribution to Fund unitholders as well as the anticipated timing of such distributions,” according to the announcement.