SÃO PAULO – JBS S.A. announced its subsidiary, Swift Prepared Foods, has reached an agreement to acquire Sunnyvalley Smoked Meats Inc. for $90 million.

The Manteca, Calif.-based company produces a variety of smoked bacon, ham and turkey products for retail and wholesale customers under the Sunnyvalley brand. The acquisition by Swift includes the company’s production facility in Manteca, which employs more than 300 people and has gross annual revenues of $150 million.

“Today’s announcement is consistent with our company’s long-term strategy to increase our value-added and branded portfolio, and provide even more diverse product offerings to customers and consumers,” JBS said.