Pierre Foods and Advance Food to Merge

Pierre Foods, Inc., and Advance Food Co., Inc., have entered into a definitive merger agreement. The combined company will be called Advance Pierre Foods and creates a leading supplier of value-added protein and handheld convenience food products to the foodservice, school, retail, club, vending and convenience store channels.

The transaction is expected to close within the next two months and is subject to customary closing conditions. Funds managed by Oaktree Capital Management, LP,

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