Midera Food Processing acquires Phoenix Innovations
MFP•Midera Food Processing acquired poultry processing equipment maker Phoenix Innovations, which has an annual revenue run rate of approximately $25 million.
MFP•Midera Food Processing acquired poultry processing equipment maker Phoenix Innovations, which has an annual revenue run rate of approximately $25 million.
Midera Food Processing said the acquisition is its first as an independent public company. Russellville, Arkansas-based Phoenix makes poultry processing equipment; the deal expands Midera’s complete poultry processing line capabilities, poultry market penetration and aftermarket services.