McLane Company, a subsidiary of Berkshire Hathaway, has entered into an agreement to acquire Meadowbrook Meat Company (MBM). MBM, based in Rocky Mount, NC, is one of the nation’s largest customized foodservice distributors for national restaurant chains.
Grady Rosier, CEO of McLane, said that this acquisition is based on McLane’s strategy of expanding its portfolio of companies in the food and beverage industries.
MBM will continue to be led by the current executive management team, and operating out of its existing facilities in the same markets. The only change to MBM’s business will be new access to enhanced resources, operational best practices and intellectual capital that will provide significant upside and opportunity for increased levels of success for MBM, McLane and the customers both companies serve, according to a McLane press release.
MBM is a $6 billion foodservice distributor, providing foodservice supply chain services to thousands national and regional chain restaurants within the continental United States. The company operates from 35 distribution facilities and employs more than 3,300 nationwide.
McLane is a $33 billion dollar supply chain services provider, offering grocery and foodservice supply chain solutions for convenience stores, mass merchants, drug stores, as well as chain restaurants throughout the United States. With 40 distribution centers and one of the nation’s largest private fleets, the company optimizes the purchase, flow and sale of products from thousands of suppliers to over 65,000 locations and employs more than 15,000.
In addition McLane provides alcohol beverage distribution via its acquisitions of Empire Distributors, Inc., Horizon Wine & Spirits and Delta Wine & Spirits over the past 3 years.