Sigma Alimentos, based in Mexico, has acquired the soon-to-be closed West Liberty Foods plant located in Mount Pleasant, IA, for a consideration of $12.4 million.
Sigma will repurpose the plant to process lunchmeat by their subsidiary Bar-S-Foods.
Sigma is a multinational operating in the Americas and Europe with 65 plants and 183 distribution centers, producing packaged meats in refrigerated and frozen presentations.
In commenting on the transaction, Jesus Lobo, CEO of Sigma U.S. Inc., stated, “This investment is part of our ongoing efforts to expand capacity in the region to better serve customers and consumers as well as to continue delivering value to all stakeholders.”