AdvancePierre Foods takes the prep out of preparing a meal. The company is a top US supplier of packaged sandwiches, fully-cooked chicken and beef items, veggie patties, breaded meats, and bakery products. It caters to several sectors, such as schools, vending, wholesale clubs, and grocery and convenience stores. As part of its business, it operates meat processing plants, sandwich assembly facilities, and bakeries across five mostly Midwestern states. AdvancePierre Foods was formed by the merger of Pierre Foods, Advance Food Company, and Advance Brands. The company is owned by Oaktree Capital Management along with shareholders and managers of its predecessor companies.
From its base in Cincinnati, AdvancePierre Foods operates nearly a dozen facilities nationwide. The company runs plants in Oklahoma, Ohio, and Iowa to process meats and manages sandwich assembly facilities in the Carolinas, and Ohio. AdvancePierre prepares its own baked goods, as well, from bakeries in North Carolina, and Oklahoma.
AdvancePierre Foods operates four divisions: convenience and vending; food service; retail; and schools. All are based in Edmond, Oklahoma, with the exception of convenience and vending, which is located in Cincinnati.
Sales and Marketing
AdvancePierre gets its food items in the hands of consumers through several channels. It sells its products through schools, vending operators, convenience stores, food service providers, military commissaries and other outlets, retailers, and club stores. Its retail brands, which sell under the names Fast Fixin' and Fast Classics, are sold through the likes of Wal-Mart, Smart & Final, Kroger, Albertsons, and Cub Foods.
The privately-held company reported $1.5 billion in revenue in 2012.
Since the 2010 merger of the three companies to form AdvancePierre Foods (APF), revenue has increased from $1.3 billion to $1.5 billion. The business has grown through both organic growth, acquisitions, and partnerships. In 2013 it expanded its BIG AZ brand sandwich line with the launch of the BaconAddict Cheeseburger. In 2012 it introduced its Fast Fixin' Sandwich Bar program, which allows convenience stores to offer fresh, customizable sandwiches in a self-serve format. Also in 2012, APF partnered with Johnsonville Sausage to deliver the sausage company's products via its distribution network to food service customers nationwide.
Mergers and Acquisitions
Acquisitions are key to AdvancePierre's growth strategy. In May 2011 the company purchased Maine-based Barber Foods, which processes and packages chicken nuggets, stuffed chicken entrees, and other value-added chicken products. As part of the deal, Barber continues to process and market poultry from its factory in Maine under its namesake brand.