SOUTHLAKE, Texas – Meat producer Eddy Packing was sold to Insight Equity Holdings LLC by private equity firm Mason Wells on Feb. 11. The company acquired Eddy Packing in 2011.
“Eddy’s broad product offering and deep experience with various processing techniques provides a strong foundation for continued growth,” said Luke Bateman, senior vice president at Insight Equity. “Additionally, the company’s extensive product development capabilities provide customers in multiple sales channels with a comprehensive option for fulfilling their protein needs.”
Eddy Packing is a value-added processor of smoked, cooked, and fresh pork beef, and poultry products that are available in refrigerated and frozen formats.
“We are excited to partner with Insight Equity who will benefit from the investments made in the infrastructure of the business over the past seven years,” said John Fortino, president and chief financial officer of Eddy Packing. “Insight Equity will further solidify Eddy Packing as the go-to supplier in the food industry for ready-to-eat products in the retail, foodservice, and commercial channels.”
Insight Equity appointed Jim Reed as Eddy Packing’s new CEO. Reed has more than 26 years of experience in the food and protein processing industry.
“I think Eddy Packing is a terrific company, and its customer relationships and high-quality product offering support that position,” Reed said. “I am excited to join the team and look forward to finding new and creative solutions to fulfill the needs of our customers. With the financial support and operational expertise of Insight Equity, Eddy’s best days should be yet to come.”