The company made a large investment in the plant in 2015.

The company will retain 19.9% of the pork business following the spinoff.

The transaction closed in a $110 million cash deal.

The plant was acquired from Carla’s Pasta.

Rodney McMullen addressed the pending acquisition while reporting Kroger’s Q1 results.

This is the company’s second acquisition in the past two months.

Nearly 180 employees will not be retained under the new ownership.

The company will also acquire the Nowy Sacz plant in Poland.

The transaction is expected to close by the end of July.

The new owners plan to rename the company to Hilltop Meat Market.