Hillshire to Acquire Golden Island Jerky Brand

CHICAGOThe Hillshire Brands Company has signed an agreement to acquire the maker of Golden Island jerky products, a leader in the gourmet jerky category. The transaction, which extends Hillshires presence in the meat snacks category, is expected to close by the end of the month.

We are excited to add Golden Island to our strong portfolio of brands, as it provides an entry point into the attractive dried meat snacks category," said Sean Connolly, president and chief executive officer, The Hillshire Brands Company. This highly appealing category generates retail sales of more than $2 billion annually and has had 10% volume growth over the past two years."

Golden Island will become part of Hillshire Brands Gourmet Food Group, pairing with high-end brands like Aidells and Gallo. That group will be run by Sally Grimes, who, in addition to serving as senior vice president and chief innovation officer, will assume the role of president, Hillshire Brands Gourmet Food Group.

Founded more than 50 years ago, the companys Golden Island Jerky brand uses all-natural ingredients with no preservatives and less sodium than most jerkies. Its innovative cooking processes produce tender and delicious products that differentiate it from traditional jerkies.